On 21 December 1945, the cooperative insurer and ICMIF member Sancor Seguros was formed in the town of Sunchales (Argentina). Now, 75 years later, Sancor Seguros has celebrated its anniversary with two events. A formal ceremony was held on the morning of 21 December 2020, which brought together government authorities, the President and CEO of […]
Read MoreICMIF Supporting Member AM Best has maintained its market segment outlook on the global reinsurance industry at stable for 2021, citing factors that include positive pricing momentum, combined with tighter terms and conditions, offset somewhat by uncertainty with regard to claims reserve development associated with previous years’ property catastrophe events; social inflation; and more recently, […]
Read MoreJapanese ICMIF member Zenkyoren (National Mutual Insurance Federation of Agricultural Cooperatives), which belongs to the JA (Japan Agricultural Cooperatives) Group has announced that the virtual reality (VR) equipment developed by the cooperative insurer to help prevent accidents in agricultural workplaces has been recognised in the Good Design Awards 2020 from the Japan Institute of Design […]
Read MoreICMIF member Folksam (Sweden) has signed an agreement with Pensionärernas riksorganisation (PRO) – the Swedish National Pensioners’ Organisation – to provide a range of insurance products exclusively to the organisation’s members. The agreement means that all the insurance products offered to PRO’s 320,000 members will be from Folksam. “We are very happy that, after a […]
Read MoreICMIF member NTUC Income (Income, Singapore) and Visa have together launched SNACKUP, an industry-first insurance proposition that allows consumers to build insurance coverage, contributed entirely by merchant and participating brands, when they spend with their Visa cards. SNACKUP is an expansion of SNACK, the ground-breaking lifestyle-based micro-policy insurance model that allows consumers to build or ‘stack’ insurance coverage linked to their daily activities such as […]
Read MoreInsurance industry losses from natural catastrophes and man-made disasters globally amounted to USD 83 billion in 2020, according to preliminary estimates from ICMIF Supporting Member Swiss Re. This makes it the fifth-costliest year for the industry since 1970. Losses were driven by a record number of severe convective storms (thunderstorms with tornadoes, floods and hail) […]
Read MoreThis year, Danish ICMIF member LB Forsikring will pay out DKK 148 million as a loyalty discount to its members. This brings the total payment in yearly discounts to more than DKK 1.1 billion over the course of the last decade. A decade which has also seen uninterrupted membership growth for the insurance company. This will come as something of an early Christmas present on 21 December […]
Read MoreThe new Marketing mutuality case studies report from ICMIF examines the ways in which a variety of ICMIF members, all of which are outperforming in their national markets, have identified what it is about their mutual/cooperative difference that is valuable to their members and then gone on to market this in different ways. In some cases, we have reviewed past and current campaigns in a bid […]
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