Blog articles

Monday, 30 July 2018

In January, Dave Ingram, Executive Vice President, wrote about 2018’s most dangerous risks for insurers, highlighting what more than 200 insurance managers cited as the top 10 risks to watch for the year. Now that we’re midway through 2018, Dave has taken a step back and reviewed what’s now trending based on Willis Re’s research and what adjustments insurers might need to make to their risk assessments. Dave’s article is reproduced here for the benefit of our members with the kind permission of at ICMIF Supporting Member Willis Re.

Here’s a midyear review of the risks noted in January:

1. Cybersecurity and cybercrime: While...

Monday, 16 July 2018

Mark McLaughlin, Global Insurance Director at IBM, was interviewed by A.M. BestTV at the Meeting of Reinsurance Officials 2018 in Montreal. A.M. BestTV delivers A.M. Best’s coverage of the insurance industry in a television-quality format. In this interview with John Weber of A.M. Best TV, Mark describes how insurers and insureds benefit from four main changes happening in the insurance industry. The transcript of the interview was shared as a blog by IBM here and is shared for ICMIF members below.

A.M. BestTV: What do see as some technological changes taking place in the insurance industry?

Marc McLaughlin: I think there...

Friday, 15 June 2018

Grandiose royal weddings like the nuptials of Prince Harry and Meghan Markle.

The birth of babies like Prince George, Princess Charlotte and the newest member of the Royal Family, Prince Louis.

When most Americans think about the British Royal Family, events like these are the first things that come to mind. However, as Securian Financial’s Executive Vice President and Chief Financial Officer Warren Zaccaro can attest, the duties of the Royal Family go far beyond the pageantry and celebrations.

Warren and 10 other U.S. CFOs met recently with Charles, The Prince of Wales and heir apparent to the British throne, on The...

Thursday, 07 June 2018

“There is no planet B” was a widely used slogan in the run up to the COP 21 United Nations (UN) Climate Change Conference in Paris in 2015. The slogan was aimed at focusing the minds of those in governments around the world on their ever-stretched public purses and budgets and on the need to act on climate change and its potential consequences. At the Conference almost 200 countries agreed to cut carbon emissions to ‘well below’ 2 degrees Celsius above preindustrial levels and to pursue efforts to keep them to 1.5 degrees to prevent dangerous climate change.

Scientists agree unequivocally that the world is warming. This creates...

Thursday, 10 May 2018

As technology continues to transform virtually all aspects of the insurance industry, the potential impact is of especial interest for mutual insurers, insurance cooperatives and other member-owned insurance companies around the world. Like all insurance companies, the fundamental change that technology is having on the insurance value chain is disrupting the existing operating models of mutuals/cooperatives, and leading to a need to innovate, adapt and update their organisational capabilities.

Today, the majority of mutual and cooperatives, like stock companies, are looking to invest internally in new technology, such as advanced...

Wednesday, 02 May 2018

Each year Responsible Business Week helps celebrate UK businesses which actively make a positive impact on society. In this blog, NFU Mutual’s Chief Executive Lindsay Sinclair describes what being a responsible business means to him, to the business and to NFU Mutual's communities.

I am always so pleased when I meet new people and they ask me what I do for a living.

I can't wait to tell them I work for NFU Mutual as I almost always get a smile and a nod of approval. The conversation tends to turn to our customer service reputation, the sharing of profits with members and active involvement with farming communities.

I...

Tuesday, 24 April 2018

Diversity and inclusion in the workplace have long been considered a natural fit to the organisational values of insurance companies that have a cooperative, mutual and other member-owned business model, and which are part of the International Cooperative and Mutual Insurance Federation (ICMIF) membership. Increasingly, they are realising that diversity is not just the right thing to do from a social perspective, it can also be a powerful competitive differentiator, helping them to better serve their customers, make better decisions and augment their talent programmes.

Jens Henriksson, CEO of ICMIF member company Folksam in Sweden...

Tuesday, 24 April 2018

The idea for this blog emerged during one of the many phone conversations I have with Thierry Weishaupt, Director of China Operations, at ICMIF member Groupe VYV (France). Sometimes the line is crystal clear in spite of the 10,408,58 km that separate his Beijing office from mine in Brussels and sometimes it is somewhat broken when I’m travelling in a mountainous terrain. But the topic of our calls never varies. It’s always about mutuality, its raison d’être, its roots, and its inevitable transformation. 

So the other day, Thierry called and we started discussing the prospect of a ‘four hands’  blog which would draw...

Monday, 05 March 2018

Next month will see approximately one hundred reinsurance professionals from all around the world arrive in Montreal, Canada, for the ICMIF Meeting of Reinsurance Officials (also known as the MORO) which takes place 23-25 April 2018. The reinsurance-focused agenda is full of topics of interest and benefit to mutual/cooperative insurers and reinsurers. The main attraction of the event according to our delegates though is the opportunity to meet, build relationships with and ultimately conduct reinsurance business with peers from around the world.

Throughout the MORO, delegates have the opportunity to get to know each other better...

Monday, 29 January 2018

La conferencia global de reaseguros de larga data de la ICMIF, la Reunión de Oficiales de Reaseguros (MORO), tendrá lugar en abril de este año en la hermosa ciudad canadiense de Montreal.

La MORO de este año es el 24° evento de este tipo que la ICMIF ha organizado y a los delegados regulares no será necesario recordarles el valor que tiene participar en el programa de la conferencia. Greg Lockard, director de Operaciones de Reaseguro del miembro de la ICMIF Shelter (EE.UU.), también anima a aquellos que no hayan estado en la MORO antes a pensar seriamente en reservar su lugar este año.

“Mi empresa ha sido partidaria y mis...

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