In 2018, Swedish ICMIF member Folksam introduced compensation and support in its home insurance for customers who have been exposed to violence in close relationships. This protection has now been improved by Folksam by also including financial support to cover urgent additional costs and providing compensation for repeated physical violence in a close relationship. In […]
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Reinsurance rate increases continued for most major lines and territories during the 1.6 and 1.7 renewal period, however, in many cases reinsurers had to accept firm order terms below their initial quotes. That indicates that the market is approaching equilibrium, according to the latest 1st View renewals report from ICMIF Supporting Member Willis Re. Reinsurers’ […]
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In response to the ongoing challenges faced by communities across the UK, ICMIF member and rural insurer NFU Mutual is delivering GBP 2.75m of funding for local and national charities in 2021. A part of this initiative, the insurer has donated GBP 2m to local charities through its Agency Giving Fund. This follows GBP 1million […]
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Charities up and down the UK have shared a GBP 500,000 windfall as part of Ecclesiastical Insurance Group’s Movement for Good awards. For the third year running, ICMIF member Ecclesiastical Insurance Group is giving away GBP 1million to charities through its Movement for Good awards. Members of the public were invited to nominate causes close […]
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A new report is shining a much-needed spotlight on a critical part of the Australian economy which is worth billions to Australian people – that also gives them a fairer share of the pie. The report details how, in a year of unprecedented change and economic upheaval, the cooperative business model has thrived through strength […]
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This week, Canadian ICMIF member The Co-operators announced net-zero targets for its investments and operations, joining a growing movement of financial services organisations helping to define a path for the crucial transition to a more sustainable, zero-emissions economy. The Canadian financial services cooperative, with over CAD 57.8 billion in assets under management, says it will […]
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On Saturday 3 July 2021, the International Day of Cooperatives (#CoopsDay) will be celebrated. The theme this year is “Rebuild better together”. Cooperatives around the world will showcase how they are meeting the COVID-19 pandemic crisis with solidarity and resilience and offering communities a people-centred and environmentally just recovery. More than one billion cooperators worldwide […]
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Danish ICMIF member LB Forsikring says that the DKK 8 billion that it has invested must, in future, be invested with even greater consideration for the climate, so that the member-owned insurance company, through its investments, does its part to limit the world’s CO2 emissions. This is the heart of the new climate strategy that […]
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ICMIF member NTUC Income (Income) is seeking to further consolidates its position as one of Singapore’s leading motor insurers by extending usage-based motor insurance (UBI) to electric vehicle (EVs) owners. Income says the UBI model not only makes motor insurance more flexible, affordable and accessible for EV owners, it also supports the company’s commitment to […]
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Co-op Insurance celebrates 15 years of carbon offsetting as Co-op Group launches new net zero target
ICMIF member Co-op Insurance (UK) is marking a sustainability milestone of 15 years of offsetting CO2 car emissions – over one million tonnes – at the same time as Co-op Group unveils an ambitious new climate change action plan which will see it achieve net zero status by 2040, 10 years ahead of the Government’s […]
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