Latest news from the sector

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

GF Forsikring gives millions back to its members

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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Achmea opts for a climate-neutral strategy and joins the Net-Zero Insurance Alliance

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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Premium refunds from 2020 lockdown period for eligible Simplyhealth customers

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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NTUC Income launches SNACKFIT, a first-of-its-kind fitness and lifestyle proposition that offers bonus insurance coverage based on biological age

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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An early Christmas present of DKK 134 million for LB Forsikring’s members in loyalty discount

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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IBISA secures EUR 1.5m seed funding to revolutionise agricultural insurance

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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Gore Mutual completes 80 per cent of Next Horizon transformation in less than two years

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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Latest donations see NFU Mutual Charitable Trust top GBP 1m of support for UK charities in 2021

The NFU Mutual Charitable Trust (UK) has announced a final round of donations totalling GBP 196,000. This takes the Trust’s total donations to GBP 1,051,700 in 2021, with 21 organisations receiving funding over the year. The donations were made possible by an additional GBP 750,000 pledge from rural insurer and ICMIF member NFU Mutual, aiming […]

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Beneva gives over CAD 1 million to Centraide-United Way to help vulnerable people in communities in Canada

It is thanks to the generosity of Canadian ICMIF member Beneva, its employees and retirees that over CAD 1 million dollars made their way to Centraide-United Way this year. Born of La Capitale and SSQ Insurance, Beneva kicked off its first corporate fundraising campaign under the theme “We Joined Forces to Take Care of our […]

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CLIMBS celebrates its cooperative identity and heritage at virtual event with Rochdale Pioneers Museum in Manchester, UK

During a virtual event in October, ICMIF member CLIMBS Life and General Insurance Cooperative unveiled a memento that would be displayed in the new CLIMBS’s Philippines Corner at the Rochdale Pioneers Museum in Manchester, UK. This is recognition to all Filipino cooperators and cooperatives and cemented its place in history at the birthplace of the […]

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