Despite geopolitical tensions and higher inflation that have led to economic concern in recent years, the latest annual World Insurance sigma report from the Swiss Re Institute finds that the global economy has remained remarkably resilient, setting the scene for growth and improved profitability across the insurance industry. Jérôme Haegeli, Group Chief Economist at ICMIF […]
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Earlier this month, it was announced that Japanese ICMIF member Zenkyoren, National Mutual Insurance Federation of Agricultural Cooperatives has invested USD 50 million in the first nutrition bond to be issued by the International Fund for Agricultural Development (IFAD), under its Sustainable Development Finance Framework. The bond will support IFAD’s investments in rural development programmes, […]
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ICMIF member Ecclesiastical Insurance (UK) has recently launched a new product for office-based businesses providing professional services as it continues its ambitious growth drive. Ecclesiastical says the Office Professions product is aimed at all clerical-based office risks, including professions such as accountants, architects, estate agents, lawyers, and insurance brokers, as well as call centres, graphic […]
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According to ICMIF Supporting Member Guy Carpenter, mid-year renewals reflected a transitioning reinsurance market meeting demand in a dynamic trading environment. Loss-free property programs generally saw easing of pricing, even as demand increased. While casualty programs were also completed with adequate capacity, pricing and underwriting scrutiny persisted due to a variety of market trends. “Well-positioned […]
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ICMIF member World Council of Credit Unions’ (WOCCU) President and CEO Elissa McCarter LaBorde (pictured) laid out an aggressive new vision to increase the number of members of credit unions from 400 million to one billion people, with at least 50% (500 million) of those members being women, in her State of the Movement Address […]
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ICMIF has welcomed the recent launch of an EU base for Coop Exchange in Malta which, the fintech platform says, marks another significant milestone in the world of cooperative/mutual investment. With its headquarters in London, Coop Exchange is an international platform for raising capital and trading financial instruments directly aimed at supporting the cooperative and […]
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ICMIF Supporting Member Gallagher Re has published the H1 2024 Natural Catastrophe and Climate Report in which the global reinsurance broker and advisory firm summarises preliminary global loss totals and major catastrophe events that occurred during the first half of the year. According to the report, an active first half of 2024 (H1) for global […]
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The new report from ICMIF partner organisation Accounting for Sustainability (A4S), Accelerating the Transition: Assessing Progress and Driving Action, sets out economy-wide practical actions that it believes would accelerate the global transition to ensure a just, climate-resilient, net-zero world. The report outlines the current state of sustainability efforts, identifies barriers to progress, and proposes practical […]
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ICMIF has announced the first batch of speakers for the 2024 ICMIF Biennial Conference, which takes place in Buenos Aires (Argentina) from 12-15 November 2024. The ICMIF Biennial Conference is the premier global gathering of 350+ mutual and cooperative insurance leaders from across the world and the event is regularly described as “a conference with […]
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Last month, ICMIF member African Risk Capacity Ltd. (ARC Ltd.) received a USD 27 million contribution from the Dutch government to boost climate resilience in Africa. The funding will be channeled through the African Development Bank’s Africa Disaster Risk Financing Programme (ADRiFi) Multi-Donor Trust Fund. The Netherlands becomes the sixth contributor to the Fund, and […]
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