Last month, Alejandro Simón, CEO of ICMIF member Grupo Sancor Seguros (Argentina), visited Pope Francis at the Vatican City in Rome (Italy) and shared news of the actions carried out by the Fundación Grupo Sancor Seguros (Sancor Seguros Group’s Foundation). Simón focused on what has been done in terms of consolidation and promotion of School […]
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The African Risk Capacity (ARC), a provider of parametric insurance products in Africa, has announced the official launch of a parametric insurance product against high-impact epidemic risks. Subscription to the insurance product was made possible through ICMIF member African Risk Capacity Limited (ARC Ltd), a hybrid mutual insurer and financial affiliate of the African Risk […]
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ICMIF member, Royal London (UK), has introduced a series of changes to its mental health underwriting philosophy. The changes improve outcomes for members and are part of its commitment to regularly enhance the most common areas of underwriting disclosure. Royal London has a strong track record in underwriting clients with a mental health condition; from […]
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Japanese ICMIF member Zenkyoren (National Mutual Insurance Federation of Agricultural Cooperatives) has announced that it has signed the Principles for Responsible Investment (PRI), which is supported by the United Nations (UN). The PRI is a set of principles that encourages institutional investors to incorporate environmental, social, and governance (ESG) issues into their investment decisions in […]
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In November 2022, the Government of Canada released its first National Adaptation Strategy: Building Resilient Communities and a Strong Economy, establishing a vision for a more resilient Canada, and setting a whole-of-society blueprint for more coordinated and ambitious action to combat climate change. The announcement also included CAD 1.6 billion in new federal funding commitments […]
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New research from the International Cooperative and Mutual Insurance Federation (ICMIF) found that in 2020, 27.8% of directors serving on ICMIF members’ boards were women, this is ahead of the financial industry average of 23.3% in 2020* and the insurance industry average of 26% in 2019**. This is a substantial increase from 20.6% in 2015 […]
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ICMIF Supporting Member AM Best has maintained its market segment outlook for the global reinsurance segment at stable, citing the presence of highly uncertain market conditions with positive and negative factors offsetting one another. Chief among the negative drivers is the heightened natural catastrophe activity that continues to test investors’ risk tolerance levels, according to […]
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Through a new collaboration with one of the market-leading pregnancy apps, Swedish ICMIF member Folksam hopes to increase the number of children across the country that are protected by insurance. Within the framework of the new collaboration with Preggers, users of the pregnancy app will be directly offered information and the opportunity to take out […]
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Transaction will strengthen Desjardins in life insurance and wealth management sectors and accelerate its growth strategy for the broader Canadian market. Desjardins is committed to maintaining the independence of advisors and intends to retain the management and employees of the acquired companies. Canadian ICMIF member Desjardins Group today announced that it has entered into definitive […]
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Thanks to the generosity and solidarity of employees at its head office, Canadian ICMIF member Promutuel Insurance is proud to announce that its latest Centraide workplace campaign has raised a record CAD 68,419.46 in direct donations. At a time when community organisations everywhere are under pressure to do more for more people, Promutuel Insurance decided […]
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