Financial mutuals in the UK generate savings of GBP 1 billion a year for the National Health Service (NHS), welfare state and for employers, according to new research by OAC Limited published in the report Mutuality: supporting health and wellbeing in the UK. ICMIF members which appear in the report are: Benenden Health, LV=, NFU […]
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ICMIF member Co-operators (Canada) has successfully implemented Guidewire PolicyCenter and Guidewire BillingCenter on Guidewire Cloud to power its policy administration, underwriting and billing functions, simplify its IT operations, adapt to changing market demands, and deliver more value to its distribution channels and policyholders. A Guidewire customer since 2007, Co-operators migrated PolicyCenter and BillingCenter to Guidewire […]
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ICMIF Supporting Member AM Best has announced that its Europe Insurance Market & Methodology Briefings will take place in London (UK) on Tuesday 7 November 2023. This year’s insurance market and methodology briefings will feature AM Best rating analysts and industry leaders as they discuss and present their analysis of and perspectives on the insurance […]
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In August this year, ICMIF member NFU Mutual (UK) revealed that it had shared a GBP 45.9m Mutual Investment Bonus with eligible With-Profits customers in 2022. Mutual Investment Bonus is applied as an uplift to investments, representing a 1.25% increase in investments for 2022, and is in addition to the annual bonus provided to customers […]
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ICMIF member African Risk Capacity Ltd (ARC Ltd., South Africa) has announced that it is assisting the Malawi Government to scale up the World Bank’s Social Support for Resilient Livelihoods Project through innovative insurance. ARC Ltd. says it will assist the Malawi Government with an insurance innovation that will scale up the World Bank’s Social […]
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German ICMIF member R+V Versicherung’s Italian insurance subsidiary, Assimoco, has entered into an exclusive distribution partnership with ICCREA, Italy’s largest banking cooperative. This will significantly strengthen Assimoco’s position as a cooperative insurer in Italy from 2024. Cooperative insurer R+V Versicherung has announced that it is strengthening its business in the growth market of Italy. The […]
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UK mutual and cooperative insurers wrote GBP 23.5 billion in premium volume and served a record 25.5 million member-policyholders in 2022, according to the International Cooperative and Mutual Insurance Federation’s latest UK Market InSights, a joint report by ICMIF and the Association of Financial Mutuals (AFM). In terms of annual growth, the UK mutual and cooperative […]
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Swiss ICMIF member Die Mobiliar has introduced Mobi-ChatGPT for its workforce. This means that Mobiliar employees use the advantages of ChatGPT in compliance with data protection regulations. Mobiliar is making use of artificial intelligence to support employees in their tasks and ensure first-class customer service. Mobi-ChatGPT can create, edit or summarise texts, but also provide […]
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In June 2023, ICMIF member the Folksam Group became the sole investor in a unique bond issued by the World Bank that aims to finance sustainable projects in developing countries that also include a focus on road safety. Folksam says it is now taking the next step to increase the interest of private actors to […]
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Twenty two million UK adults are financially struggling today, leaving the nation’s financial resilience at an even lower ebb than during the height of the Covid-19 pandemic, according to data from ICMIF member and investment, protection and retirement specialist LV=. According to new research from LV=, over one in four (27%) UK adults say that […]
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