Latest news from the sector

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

Achmea to plant one million trees in reforestation programme

Over the next three years, cooperative insurer and ICMIF member Achmea (the Netherlands) will be planting about one million trees as a further step on its path to fully climate-neutral business operations by 2030. Working with Land Life Company, Achmea has started a multi-year reforestation programme which it says will offset the CO₂ emissions of […]

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Global reinsurance capital, profits, and ROE on the rise in H1: Willis Re

Global reinsurers performed well in the first half of 2021, with a further expansion of their capital bases and strong headline underwriting results and ROEs. Underlying ROEs, while less strong, were nonetheless noticeably improved, according to the latest Reinsurance Market Report from ICMIF Supporting Member Willis Re. Total capital dedicated to the global reinsurance industry […]

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Swiss Re sees growing demand for insurance protection, positive outlook for premiums

Ahead of the Rendez-Vous de Septembre 2021, ICMIF’s Supporting Member Swiss Re has shared its view on the state of the market and possible implications for the renewals season. A key discussion point for re/insurers in the current environment will be heightened risks, driven by longer-term trends and their implications. Swiss Re says it expects […]

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The ICMIF team lends its support to the ICMIF Foundation appeal to help India’s low-income communities affected by Covid-19

Earlier this year, the ICMIF Foundation launched an appeal to ICMIF members asking them to support ICMIF member and ICMIF Foundation project partner the DHAN Foundation in its work supporting low-income communities in India during the Covid-19 pandemic. Since the launch of the appeal a number of member organisations have donated money to support the […]

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Growth through differentiation: EY global insurance mutual market scan identifies four principles for mutual insurers

Mutual insurers can differentiate through purpose-led strategies, member centricity, value creation and social responsibility says a new report from ICMIF Supporting Member EY. Following a review of the global mutual insurance market, the EY global insurance mutual market scan reveals what sets mutual and cooperative insurers apart from stock carriers. EY’s scan found that mutual […]

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On the road to a driverless future as the RAC Intellibus® marks five years

Australian ICMIF member RAC and the City of South Perth have been celebrating the success of Australia’s first and longest-running public trial of driverless vehicles, with 31 August 2021 marking five years since the RAC Intellibus® started carrying passengers on public roads. On 31 August 2016, with support from the State Government and City of […]

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R+V Versicherung wins prestigious brand award 2021 for best brand relaunch

German ICMIF member R+V Versicherung has received the prestigious Marken Award 2021 brand award for the best brand relaunch in 2021 for its “You are not alone” campaign. With its stance “Against egoism; for the community” and the claim “You are not alone”, the jury for the awards felt that R+V Versicherung had successfully repositioned […]

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Sontiq® wins Gold Stevie® award in the 2021 international business awards

Sontiq, the provider of Intelligent Identity Security, has announced it was named the winner of a Gold Stevie Award in the International Expansion category of the 18th Annual International Business Awards (IBAs). The International Business Awards are the world’s premier business awards programme and this prestigious honour recognises the strength of Sontiq’s international expansion through […]

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Global (re)insurance: Underlying profitability improves at H1 but inflation and rate deceleration remain concerns

This week, ICMIF Supporting Member Willis Re published its latest assessment of global (re)insurers’ financial health. This short report summarises key themes emerging from global (re)insurers’ 2021 H1 results and has been prepared by Willis Re’s Strategic and Financial Analytics teams. The key takeaways from the report are: Continued favourable pricing, particularly for commercial lines […]

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Mutual Fire Insurance ranked as a Five-Star Carrier in 2021

Canadian ICMIF member The Mutual Fire Insurance Company of British Columbia has been recognised as one of the best insurance carriers in Canada, achieving a Five-Star rating in Insurance Business Canada’s sixth annual broker survey. Each year, Insurance Business Canada asks hundreds of insurance brokers from across the country how well insurance companies are meeting […]

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