Latest news from the sector

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

P&V Group offers full and free insurance cover for vaccination centres in the towns and cities that it insures

Across Belgium, around 160 vaccination centres are being set up. The 76 towns and municipalities that are insured by Belgian ICMIF member the P&V Group can now count on free coverage for the vaccination centres which are being established in their territories, both in terms of development and operation of the centres. The free insurance […]

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NFU Mutual pledges GBP 2.75m to UK charities as ongoing crisis drives need for support

In response to the ongoing challenges faced by communities across the UK, ICMIF member and rural insurer NFU Mutual has today announced GBP 2.75m of funding for local and national charities in 2021. The insurer will be donating GBP 2m to local charities through its Agency Giving Fund and pledging GBP 1m to the NFU […]

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LB Forsikring survey shows many people would be happy to receive recycled items as a form of compensation

A recent survey by Danish ICMIF member LB Forsiking has shown that many people would be happy to receive a recycled mobile phone from their insurance company as a replacement for one they are making a claim for. As many as 48% of the respondents in the survey stated that they would feel very good […]

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Anadolu Sigorta looks to grow InsurTech ecosystem through new open API platform

Turkish ICMIF member Anadolu Sigorta is contributing to the digitalisation of the insurance sector with the launch of its new Open Insurance Platform. Individuals and new ventures in the financial and insurance sectors are invited to use the open source platform to create new products and customer experiences, as Anadolu aims to grow the digital […]

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Folksam CEO meets with UN Secretary-General to discuss the Net-Zero Asset Owner Alliance

United Nations Secretary-General António Guterres has on several occasions highlighted the importance of the Net-Zero Asset Owner Alliance’s work for the climate. Recently, Folksam’s CEO and ICMIF Board Member Ylva Wessén was invited to a meeting to discuss the financial industry’s role in the transition to a more sustainable world. ICMIF member Folksam (Sweden) has […]

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Above-average annual insured natural catastrophe losses in 2020 despite multiple ‘near-misses’

According to the Summary of Natural Catastrophe Events 2020 published this week by ICMIF’s Supporting Member Willis Re, insured losses from major natural catastrophes in 2020 reached roughly USD 78 billion, the fourth largest total since 2011, and about 17% higher than the ten-year average of USD 66.5 billion. However, the total does not reflect […]

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Wawanesa moves to the cloud to simplify IT operations and add value to brokers and policyholders

ICMIF member The Wawanesa Mutual Insurance Company (Wawanesa) is to transition from on-premises deployment to Guidewire Cloud, simplifying IT operations and delivering more value to brokers and policyholders Wawanesa, a mutual insurer based in Canada, and Guidewire Software, Inc. a platform used by P&C insurers to engage, innovate, and grow efficiently, last month announced that […]

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EMC Insurance receives 2021 Top Workplaces USA Award

US ICMIF member EMC Insurance Companies has earned a 2021 Top Workplaces USA award from Energage, an organization focused on building and branding Top Workplaces across the country. This is the inaugural year for Top Workplaces USA, built on the program’s 14-year history surveying more than 20 million employees across 54 markets for regional Top […]

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Record-high InsurTech funding of USD 7.1 billion achieved in 2020 after Q4 investments total USD 2.1 billion

Despite the challenges faced by the (re)insurance sector in 2020 and the relatively slow start to InsurTech funding for the year, global investment in the sector reached a new accumulated annual high of USD 7.1 billion for 2020, through 377 deals, the most in any year to date, according to the new Quarterly InsurTech Briefing […]

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NTUC Income opens up 1,200 job opportunities with launch of its earn-as-you-learn Sales Management Associate (SMA) programme

Singapore-based ICMIF member NTUC Income (Income) is targeting to recruit 1,200 new financial advisors with the launch of its Sales Management Associate (SMA) programme. Designed to groom participants, such as fresh graduates and mid-career job seekers, with little to no financial advisory experience, to become sales specialists and leaders in the insurance industry, Income says […]

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