Last year, global economic losses from floods amounted to USD 82 billion, yet insured losses stood at slightly more than USD 20 billion, indicating a large protection gap. In 2021, floods accounted for 31% of global economic losses from natural catastrophes, only 2% less than tropical cyclones, according to Swiss Re Institute’s latest sigma report, […]
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Earlier this year ICMIF member Vaudoise Assurances (Switzerland) concluded a merger with Swiss insurance cooperative Epona SA. As a long-standing cooperative member of Epona, the Vaudoise Group wants to breathe new life into the Swiss leader in animal insurance while respecting its mutualist roots and 120-year history. Vaudoise Assurances, which already owns the dog and […]
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Co-operators provides investment for flood risk modelling and analysis specialist company Geosapiens
ICMIF member Co-operators (Canada) has provided an investment for the first round of funding for Geosapiens, a Canadian company specialising in flood risk modelling and analysis. This investment will allow Geosapiens to deploy its flood mapping model across Canada by the end of 2022. With comprehensive coverage of the country, Geosapiens will adequately meet the […]
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ICMIF Supporting Member EY announced it has been ranked number one in HFS Research’s Top 10 Insurance Services Report, recognised for a future-ready vision and deep capabilities across a wide range of consulting services. HFS, a technology analyst firm focused on defining the future of business operations, determined the top 10 by assessing 18 leading […]
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ICMIF members have USD 576 bn of assets under management in investments aligned to sustainable investment frameworks, according to the ICMIF Members Sustainable Investment Report 2021 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 576 billion in sustainable investment frameworks, […]
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Turkish ICMIF member Anadolu Sigorta has been announced one of the winners of Celent’s Model Insurer Program 2022 in the Customer Experience Transformation category, for its digital insurance “juno” mobile application, aimed at the millennial generation. The Celent Model Insurer awards were launched 16 years ago and recognise the effective use of technology in different […]
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For the past two years, Italian ICMIF member UnipolSai has been a partner of Plug and Play – a start-up accelerator and innovation platform based in Silicon Valley. Plug and Play has announced that it has reinforced its partnership with UnipolSai which will allow the Italian insurer to spread an entrepreneurial and innovative mindset across […]
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ICMIF member the Medical Defence Union (MDU), the UK’s leading medical defence organisation, has announced it will be offering to waive the first year of membership subscriptions for doctors fleeing Ukraine or other conflict zones and want to resume practice in NHS roles. This follows news that the UK’s General Medical Council (GMC) is planning […]
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Swedish ICMIF member Dina Försäkringar has announced that Ukrainian refugees who are taken in by members of the mutual that have home insurance with Dina Försäkringar will have the same insurance cover. This applies to all refugees who come to Sweden, regardless of which country they flee from. No special registration is required and it […]
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Canadian ICMIF member Co-operators has announced the appointment of former Mayor of Edmonton Don Iveson as Executive Advisor, Climate Investing and Community Resilience. This position was established to build momentum and capacity for a wave of new investments in Canada that will support climate adaptation projects and climate-resilient infrastructure in communities across the country. The […]
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