The Q3 2023 Natural Catastrophe Report from ICMIF Supporting Member, Gallagher Re, summarises the preliminary YTD Q1-Q3 global loss totals. The findings of the report highlight an active and impactful first three quarters of 2023 resulting in elevated natural catastrophe losses globally. Total economic losses were estimated at USD 290 billion. According to the report, […]
Read MoreAccording to the latest Mutual Factor report released by the National Association of Mutual Insurance Companies (NAMIC), insured catastrophe losses in the United States continued at heightened levels through the second quarter of 2023, presenting a challenging start to the year and having a significant impact on the financial performance of the property/casualty insurance industry. […]
Read MoreICMIF member Thrivent (USA) has announced that it will provide USD 542 million in dividend payments and policy enhancements, such as additional credited interest and reduced fees, to clients with membership in 2024. The total payout marks a 22% increase over 2023, reaching more clients than ever before, says Thrivent. As a membership-owned organisation founded […]
Read MoreICMIF member and specialist insurer Ecclesiastical (UK) and managing general agent (MGA) iprism have together launched a new digital platform providing cover for smaller not-for-profit organisations operating in the charity, education and faith sectors. The new platform builds on Ecclesiastical’s existing partnership with the MGA and will make it easier to reach the market and […]
Read MoreTo help reward good drivers and make communities across the province of Ontario (Canada) safer, ICMIF member Wawanesa has launched a unique mobile phone based telematics application, called Drive Change. While there are several telematics programmes currently available in Ontario, Wawanesa says its new Drive Change programme provides discounts for safe driving and rewards points […]
Read MoreIn its latest sigma study, The economics of digitalisation in insurance, Swiss Re Institute finds that digitalisation is a source of new growth, new risks and new efficiencies for the insurance industry. The report finds that digital value creation has led to an increase of firms’ intangible assets, including digital data. At the same time, […]
Read MoreAs part of a progressive and long-term cross-distribution partnership which was first announced in April 2023, French ICMIF member MAIF and another French mutual insurer, AG2R LA MONDIALE, have recently announced that they are expanding their collaboration to new product ranges. These new offers complement MAIF’s range of car, motorcycle and bodily injury insurance which […]
Read More