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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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, […]
Read More
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 […]
Read More
ICMIF member Wawanesa Mutual Insurance Company (Canada) has introduced a new digital educational platform to help their valued broker partners sell and service Wawanesa’s products and services with their customers. With the official launch on 7 January 2021, the new platform will be available to all Wawanesa broker partners and their team members, and will […]
Read More