ICMIF members have USD 759 bn of assets under management in investments which are aligned to sustainable investment frameworks, according to the ICMIF Members Sustainable Investment Report 2022 launched by the International Cooperative and Mutual Insurance Federation (ICMIF) today. The report’s data shows how the Federation’s members are collectively investing USD 759 billion in sustainable […]
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Last month, Canadian ICMIF member, Desjardins Group, announced a partnership with Export Development Canada (EDC) that will enable the organisation to launch a new sustainable financing offer for medium and large export companies. With this new product, Desjardins will grant up to CAD 1 billion over the next three years for projects that aim to […]
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From the beginning of this year, Swedish ICMIF member Folksam has entered partnerships with two national sporting associations – the Swedish Volleyball Federation and the Swedish Tennis Federation. From 1 January 2023, Folksam and the Swedish Volleyball Federation entered into a partnership that will see over 11,000 licensed players and children up to the age […]
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Sri Lankan ICMIF member Sanasa Insurance Company is taking part in a pilot programme to provide innovative insurance policies for farmers whose crops and property are often trampled by elephants. Elephants can stray onto farms and cause a lot of damage to crops and vegetation, which may also exacerbate any existing drought conditions. Human-wildlife conflict […]
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Members of Danish ICMIF member GF Forsikring, of which there are over 340,000, will have a good start to the new year. With more than DKK 260 million, the distribution of profits from GF Forsikring will ensure that the prices of members’ insurance policies do not skyrocket this year. “We have balanced the books, and […]
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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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