Following rate improvements in many markets, and particularly in loss-affected segments, ICMIF Supporting Member Swiss Re says it expects further rate hardening across all lines of business. At the same time, the reliance on underwriting profits increases in the low interest rate environment. Swiss Re also expects more opportunities for (re)insurers due to a combination […]
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Eager to offer its members investment support consistent with its raison d’être, French mutual and ICMIF member MAIF has this week announced the launch of a new product: the Socially Responsible Retirement Savings Plan. This retirement savings plan, the first on the market to be classed as a 100% socially responsible investment (SRI), expands MAIF’s […]
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To support charities in the UK during these challenging times, specialist insurer and ICMIF member Ecclesiastical has developed a fundraising hub with a range of resources to help charities raise vital funds. The mutual insurer says the surge in demand for services during the pandemic, coupled with loss of funding, has put a financial strain […]
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Total capital dedicated to the global reinsurance industry was USD 587 billion at 30 June 2020, reflecting a 3% decline since year-end 2019, according to the latest Reinsurance Market Report from ICMIF’s Supporting Member Willis Re. The half-year figure masks an approximate fall of 30% up to late-March, says the report, following the impact of […]
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Paraguayan ICMIF member Panal Seguros is now offering a remote, video assessment of motor vehicles for both new insurance policies and renewals. Inspections of customers’ vehicles can now be carried out via a video-operating system on smartphones. The mutual insurer has launched this new innovation to provide customers with enhanced service and customer experience without […]
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ICMIF member La Vaudoise (Switzerland) has been recognised as number one in customer satisfaction and as best employer 2020 in the “insurance” category. Now in its 125th anniversary year, La Vaudoise was recently awarded first place in two satisfaction surveys carried out by Swiss comparison websites: for household/public liability insurance from bonus.ch; and motor and […]
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Swedish ICMIF member Folksam has today announced it is investing SEK 474 million in the Swedish government’s first green bond. This is a green bond that will contribute to Sweden’s environmental and climate goals through climate investments, railway maintenance and by protecting nature. The state’s first green bond is worth SEK 20 billion and has […]
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ICMIF member NTUC Income (Income) in Singapore has announced the expansion of the Income Family Micro-Insurance Scheme (IFMIS) to include eligible low-income families with a child or ward who is studying in a local secondary school, certain specialised schools or a pre-university institution and receiving assistance under the Ministry of Education Financial Assistance Scheme (MOE […]
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ICMIF member Securian Financial (USA) has this week announced that it has signed the Accounting for Sustainability (A4S) Net Zero Statement of Support — joining 46 organisations worldwide in committing to publish a detailed pathway to net zero emissions. The company says it expects to publish a plan on its website in early 2021. Securian Financial […]
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ICMIF Supporting Member Aviva Investors has been awarded ‘A+’ and ‘A’ ratings by the United Nations Principles for Responsible Investment (PRI), the world’s leading proponent of responsible investing, as part of the organisation’s 2020 Assessment Reports for signatories. Maintaining its previous year’s leading scores in its response to the 2020 Annual United Nations Principles for […]
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