Latest news from the sector

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

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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The Co-operators provides 24/7 virtual healthcare to its group benefits clients across Canada

Canadian ICMIF member The Co-operators has announced that it will provide virtual healthcare services to its group benefits clients across Canada, available 24 hours per day, seven days per week in both official languages. Through an agreement with EQ Care, recently acquired by TELUS Health, The Co-operators is providing remote support to plan sponsors in managing the […]

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Two reports show cooperatives and mutuals outperform other businesses and are key to Australia’s recovery

At the end of last year, Australian ICMIF member The Business Council of Co-operatives and Mutuals (BCCM) launched two new reports on the competitive advantage of the Australian cooperative and mutual sector. A new report, Leading the Resilience, provides insight into how cooperative and mutual enterprises in Australia have responded to the turbulence caused by […]

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Desjardins Insurance announces CAD 1 million program to support small businesses across Canada

Canada’s small businesses are the backbone of the country’s local communities and as such will play a key role in driving economic recovery once the pandemic ends. But many have been hit hard and need support to adapt to the current provincial lockdowns and other restrictions and to rebuild for the future. That’s why Canadian […]

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The Commonwell Mutual and Red River Mutual partner to launch an agriculture insurance start-up

ICMIF member The Commonwell Mutual Insurance Group has partnered with fellow Canadian mutual insurer Red River Mutual to create a new joint venture, focused on advancing innovation and digital responsiveness around agri-business and related risks through a new Managing General Agent (MGA) structure. Unrestricted by existing products and business, this new MGA will assist The […]

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Braving the new normal with greater social protection through microinsurance in the Philippines

In these challenging times brought on by the Covid-19 pandemic, microinsurance has become an important lifeline for Filipinos with low income and limited access to mainstream insurance services according to ICMIF member The Microinsurance MBA Association of the Philippines (MiMAP), also known as RIMANSI. Microinsurance has come a long way in the Philippines, from a […]

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Co-op Insurance begins trial with pay-by-mile provider By Miles

Last month, ICMIF member Co-op Insurance (UK) announced that it had teamed up with pay-by-mile car insurance provider By Miles to deliver further choice and value to its members and customers. Available direct through Co-op Insurance’s website, motorists who drive lower mileages are now able to take advantage of the new offering. Rather than paying […]

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Achmea bans further investments in the oil and gas sector

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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