Based on its vision Sustainable Living Together, ICMIF member Achmea (Netherlands) invests in a socially responsible way with respect for the world and for future generations. By integrating ESG criteria into the cooperative insurer’s investment process, Achmea believes it can create more long-term value for its clients, employees, the company and society. From 1 January […]
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Canadian ICMIF member Halwell Mutual Insurance Company and Applied Systems® have announced a partnership to enable real-time commercial lines quoting. The use of CSIO commercial lines data standards and question sets and Applied’s commercial quoting capabilities will ensure that Halwell’s coverage offering shows up at the point of quote and enables Hallwell’s broker partners to […]
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Due to climate change and the biodiversity crisis, French ICMIF member MAIF has announced that from now on, 10% of its annual profits will be allocated to climate solidarity and biodiversity regeneration projects. MAIF has been what is known in France as a “société à mission” (a company with a mission) since 2020, says it […]
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In December 2022, a new mutual insurer, MIRIS, announced that it had obtained its Insurance Operating Licence. MIRIS was first conceived in June 2021 and commenced operations as of 1 January 2023. The objective of MIRIS is to provide additional cyber insurance capacity for its members, integrating and enhancing the capacity given by the insurance […]
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According to the latest Gallagher Re 1st View, detailing the 1 January 2023 renewal season, the market faced a very late, complex, and in many cases frustrating, 1 January renewals. According to ICMIF Supporting Member Gallagher Re, two areas stood out as the most challenging: peak-zone US property catastrophe capacity and coverage for strikes, riots […]
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January 1 renewals are proving to be one of the most challenging reinsurance markets the sector has experienced, as reinsurers and cedents work to establish a new market equilibrium, according to ICMIF Supporting Member Guy Carpenter, a leading global risk and reinsurance specialist. In a renewal season that was extremely late, ultimately, placements were largely […]
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The need to adapt to climate change is growing, which often means adapting at a regional level, especially for municipalities, cities and many companies. This is why Finnish ICMIF member LähiTapiola (LocalTapiola) has donated EUR 310,000 to fund a research project by the by the Finnish Meteorological Institute (Ilmatieteen laitos) to enable more accurate, regional […]
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A total of 22 charitable institutions throughout Germany will receive financial support from ICMIF member R+V Versicherung, as the company raised a record EUR 181,700 in its annual Christmas fundraising campaign. Russia’s war of aggression against Ukraine, inflation, exploding energy prices: the effects of the major crises this year also hit and are still hitting […]
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A record loyalty discount of DKK 253 million (EUR 34 million) is on its way back to LB Forsikring’s members just before Christmas. Denmark’s largest member-owned insurer is paying out a quarter of a billion to members for 2022, while more members will have access to the discount this year than previously. On 21 December […]
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Last week, ICMIF member Business Council of Co-operatives and Mutuals (BCCM) unveiled a Code of Conduct to govern the use of Discretionary Mutual Funds (DMFs), setting a clearer framework for affordable risk protection across the Australian economy. There has been a renewed interest in DMFs as a substitute for conventional insurance in response to surging […]
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