A global network of humanitarian agencies has today announced the purchase of an innovative insurance policy in partnership with ICMIF member African Risk Capacity (ARC) and the Government of Zimbabwe. The policy is to protect more than 800,000 people in Zimbabwe from drought risk during the 2021/2022 agricultural season. The USD 2.5 million policy purchased […]
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In December 2021, Sancor Seguros’ business incubator CITES Impulsa was recognised in the 10th edition of the Premios Conciencia 2021 award ceremony. The Premios Conciencia (Conscience Awards) recognise companies for their actions to generate a positive change in the wellbeing of people and the environment; to achieve a more inclusive and sustainable society. The companies […]
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New research commissioned by ICMIF member and specialist insurer Ecclesiastical (UK) has revealed schools in the UK are responding to the climate crisis by investing in sustainable technologies and improving the efficiency of existing school buildings. Ecclesiastical has published new guidance to help brokers speak to their education clients about how to manage key risks […]
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This month, the 330,000+ members of Danish ICMIF member GF Forsikring are learning what the profit sharing by the mutual insurer will actually mean for them in 2022. This year, all members will receive a share of the profit, which is significantly higher than last year. GF Forsikring has announced that once the accounts have […]
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ICMIF member Achmea (Netherlands) announced in December 2021 that it was joining the Net-Zero Insurance Alliance (NZIA), underlining the insurer’s climate ambitions. Achmea is committed to climate-neutral business operations by 2030 and a climate-neutral investment portfolio by 2040. In addition to this, the cooperative insurer is aiming for a climate-neutral insurance portfolio by 2050 at […]
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At the end of last year, ICMIF member Simplyhealth, a leading UK health and dental plan provider, announced that a proportion of premium will be refunded to eligible cash plan customers in the first quarter of 2022. The premium refund relates to the first UK COVID-19 (coronavirus) lockdown in late-March 2020, until mid-May 2020. Refunds […]
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Singapore-based ICMIF member NTUC Income (Income) has launched SNACKFIT, a first-of-its-kind fitness and lifestyle proposition that offers bonus insurance coverage based on biological age. Available on the SNACK by Income mobile app, SNACKFIT calculates one’s biological age based on the fitness and activity data retrieved from linked fitness trackers, such as Garmin and Fitbit, and […]
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This month there was an extra reward in the inbox for members of Danish ICMIF member LB Forsikring. The company has announced that it has paid out DKK 134 million (just over EUR 18 million) in a loyalty discount for members this month. Next year, the loyalty discount will be more than DKK 100 million […]
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ICMIF member and insurtech start-up, IBISA (Luxembourg), has raised a EUR 1.5m seed round led by Insurtech Gateway. This will be used to expand their presence in existing markets and expand to new ones. IBISA hopes its innovative approach to insurance is about to revolutionise how the global agricultural ecosystem manages climate risk. IBISA develops […]
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Canadian ICMIF member Gore Mutual Insurance Company (Gore Mutual) has taken significant steps to complete its strategic transformation to become a national insurer. With the national contact centre, the company has expanded its operating model beyond Ontario auto to include personal property insurance services for Ontario and British Columbia. In addition, Gore Mutual has extended […]
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