Earlier this month, Dutch ICMIF member Achmea announced it was once again sharpening its investment policy as of 1 January 2021 and that investments in polluting and CO2-intensive companies will be further reduced. From now on, Achmea says it will exclude companies which derive more than 5% of their revenues from coal, extraction of oil […]
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Reporting a total turnover of over two trillion USD and focus on cooperative response to the Covid-19 crisis and contribution to United Nations Sustainable Development Goal (SDG) 13 (Climate Action). The International Cooperative Alliance (ICA) and the European Research Institute on Cooperative and Social Enterprises (Euricse) launched today the 2020 edition of the World Cooperative […]
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1 in 5 (19%) in Britain admit the wider societal/financial impact of the Covid-19 pandemic has encouraged them to take better care of their health/lifestyle 8 in 10 British people (84%) believe individuals have a “responsibility to take better care of their health” to support the National Health Service (NHS) in 2021 Employee health and […]
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Over the past year, 22 leading insurers and reinsurers have collaborated under the auspices of UN Environment Programme’s Principles for Sustainable Insurance Initiative (PSI) to pilot state-of-the-art approaches—particularly the use of climate change scenarios—to better assess climate-related physical, transition and litigation risks in the insurance business. Four ICMIF members were part of this pioneering collaborative […]
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Specialist insurer and ICMIF member Ecclesiastical Insurance (UK) has published its second Charity Risk Barometer which identifies risks facing the UK’s charity sector – and the findings show brokers have a role to play in supporting charity customers. Key findings include: Loss of funding remains single biggest threat to charities Impact of COVID-19 means surviving […]
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In 2020, ICMIF member Desjardins (Canada) continued to make progress on implementing its commitments and concrete measures to integrate environmental, social and governance (ESG) factors into its business model to combat climate change. Integrated ESG factors by: Being the first financial institution in North America to join the Powering Past Coal Alliance, a coalition of […]
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At the end of last year, ICMIF member Thrivent (USA) announced it was contributing USD 1 million to help Habitat for Humanity homeowners recover from the economic fallout and recession caused by the COVID-19 pandemic. This investment, driven by a shared commitment to helping more families achieve financial security and stability, will provide funding to […]
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Danish ICMIF member GF Forsikring has announced that its members will benefit from a profit share of more than DKK 215 million (USD 35 million) despite a turbulent year in which the Covid-19 pandemic has shifted the distribution of claims for the mutual insurer. GF Forsikring says that its accounts for the past year have […]
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Franz-Josef Hahn, CEO at ICMIF Supporting Member Peak Re was recently interviewed by AM Best and said that he believes the insurance industry should partner with government and academia to fast-track responses to global warming. Peak Re recently became the first reinsurer to issue public hybrid securities in Hong Kong. The USD 250 million move, […]
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According to data from the Climate Bonds Initiative the green finance market passed its most significant milestone yet with USD 1.002 trillion in cumulative issuance reached in early December 2020. Issuance originated from a record 67 nations & supranationals. The energy sector comprised the largest component at USD 354.7bn, followed by Low Carbon Buildings with […]
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