ICMIF member Thrivent (USA) is returning an estimated USD 280 million in dividends in 2021 to clients who own eligible insurance products. This is the result of rigorous expense management, strong investment practices and careful underwriting of new business which reflects Thrivent’s commitment to helping clients achieve their financial goals. Thrivent’s structure as a not-for-profit, […]
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In a year in which COVID-19 impacted lives and livelihoods, South African ICMIF member PPS remained focused on delivering its core purpose of paying valid claims and protecting its members’ financial health. Despite the challenges of the pandemic, due to its strong balance sheet and inherent profitability of its risk pool and the businesses, PPS […]
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Swedish ICMIF member Länsförsäkringar‘s investments in green, social and thematic (“sustainability-oriented”) bonds on behalf of its customers increased by approximately SEK 7.5 billion in 2020. Investments at the turn of the year amounted to more than SEK 17 billion, which corresponds to more than 13 percent of assets under management in institutional life and the […]
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Achieving net carbon neutral equivalency, investing over CAD 2 billion in impact investments, CAD 22.3 million in community support, amidst a strong financial performance top the 2020 highlights shared with member organisations of Canadian cooperative financial and insurance leader. This week, all 45 member organisations of The Co-operators Group Ltd., representing seven regions across Canada […]
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ICMIF member NFU Mutual (UK) is providing 1,000 car and light goods vehicle insurance customers with free two-hour personalised driving confidence sessions worth GBP 150 each. The sessions are delivered by advanced driving instructors from an organisation Drive Doctors and are tailored to the specific needs of the driver. NFU Mutual has been successfully providing […]
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Total capital dedicated to the global reinsurance industry measured USD 658 billion at year-end 2020 reflecting 7% year-on-year growth. The rise was driven primarily by strong investment market appreciation. New capital raised both by incumbents and new entrants added to the total, but capital returns to shareholders exceeded those new investments, according to the latest […]
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Swiss ICMIF member La Mobilière has announced this week that it has acquired the Flatfox real estate portal. Flatfox offers a free marketplace for real estate as well as intelligent tools for the online property rental process. With this acquisition, La Mobilière is expanding its housing offering and consolidating its position in this market. Flatfox […]
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ICMIF member Royal London (UK) has announced the purchase of Wealth Wizards, a market-leading fintech business. Royal London says it is passionate about making guidance and financial advice more accessible and affordable and this transaction will bring together the complementary culture, skills, technology and capabilities of Royal London and Wealth Wizards. The acquisition reinforces the […]
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In its new Responsible Business Report, launched this week, ICMIF member NFU Mutual (UK) looks back at some of its 2020 support initiatives. These include GBP 1m of local frontline charity funding through the Agency Giving Fund, efforts to tackle rural crime, training for young drivers and support for the Farm Safety Foundation’s physical and […]
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ICMIF members Anadolu Sigorta in Turkey, and San Cristóbal Seguros – through its online subsidiary iúnigo – in Argentina, were announced as winners of Celent’s 2021 Model Insurer Program in the Data, Analytics and AI category, recognising the effective use of technology in different areas critical to success in insurance. As insurers move into digital […]
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