Latest news from the sector

Read and share inspirational stories collected from across the ICMIF membership.

Unipol announces strategic partnership with Shell to develop new mobility solutions and contribute to ecological transition

ICMIF member Unipol Gruppo announced this week that it has signed a partnership agreement with Shell Italia to launch a strategic partnership in the mobility sector in Italy. The partnership will facilitate the development of a complete, innovative range of products and services for car drivers to help contribute to the ecological transition in the […]

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BCCM launches cooperative development fund to help grow early-stage for-purpose businesses

Last month, ICMIF member the Business Council of Co-operatives and Mutuals (BCCM) in partnership with its members, launched Australia’s first cooperative development fund to provide targeted legal, financial and governance advice. Early-stage for-purpose businesses that have members (not shareholders) can now apply to the fund to help grow their social enterprise. The Bunya Fund was […]

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Desjardins becomes first Canadian financial institution to place new annuities exclusively into ESG-screened investments

Starting 6 September 2022, all new annuities purchased at ICMIF member Desjardins Group (Canada) will automatically go into investments that meet strict environmental, social and governance (ESG) criteria. This decision makes Desjardins the first financial institution in Canada to turn its entire range of individual savings annuities into responsible annuities. Whether it is a life […]

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Guy Carpenter: Materialising opportunities in a changing and challenging risk landscape

A highly complex risk environment caused by influences within and outside of the sector, coupled with the evolving dynamics of a hardening market, are generating significant volatility within the reinsurance sector, yet there is much to inspire confidence amongst (re)insurers. This is according to panelists at a recent virtual media briefing “Materialising possibilities” hosted by […]

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New Swiss Re Institute sigma study – Maintaining resilience: the role of P&C insurers in a new world order

According to the latest sigma study, “Maintaining resilience: the role of P&C insurers in a new world order” from the Swiss Re Institute, the COVID-19 pandemic and the war in Ukraine have exacerbated deglobalisation, creating an environment where concerns about supply chain resilience, energy and food security prevail. “Friend-shoring” of supply chains to allied countries […]

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Univé expands insurance cover for clear up costs and environmental damage after solar panel fires

Dutch ICMIF member Univé has announced that it now provides more extensive insurance cover for businesses for the consequences of fires involving solar panels. In the agricultural sector in particular, the cooperative insurer is seeing a growing interest in generating and using solar energy. As the use of solar panels grows there is an increase […]

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RAC to launch Australian-first air quality sensor network

Australian ICMIF member RAC has unveiled plans to launch the most comprehensive air quality monitoring network in the country, with Perth joining cities such as London, Paris and Los Angeles in the use of world-leading technology. The RAC Air Health Monitor will be powered by hundreds of sensors, showing hour-by-hour changes to the air quality […]

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Gallagher Re Reinsurance market report: Financial position and profitability of global reinsurers remains healthy despite 11% decrease in capital

ICMIF Supporting Member Gallagher Re has published its Reinsurance market report for half-year 2022. The report provides in-depth analysis of the size and performance of the reinsurance industry, based on the Gallagher Reinsurance Index group of companies. The key findings of the report are: Global reinsurance dedicated capital totalled USD 647 billion at half-year 2022, […]

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IPB Insurance supports social enterprises across Ireland

Thanks to funding from ICMIF member IPB Insurance, Rethink Ireland last month announced the eight Awardees of its Social Enterprise Development Fund and 20 Awardees of its Social Enterprise Start-Up Fund. These Funds aim to support and develop social enterprises across Ireland that work primarily to improve the lives of people and communities. Rethink Ireland […]

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Purpose-led strategies, sustainability and business transformation: the three key area of focus on the agenda at the ICMIF Centenary Conference

There are less than two months to go until the start of the ICMIF Centenary Conference (25-28 October 2022) in Rome (Italy) – the place that ICMIF was founded 100 years ago. The ICMIF Centenary Conference – hosted by the Unipol Group, one of our founding members – will stimulate original ideas for better business […]

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