Blog articles

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...

Friday, 19 January 2018

ICMIF’s long-established global reinsurance conference, the Meeting of Reinsurance Officials (MORO), will take place in April this year in the beautiful Canadian city of Montreal.

This year’s MORO is the 24th such event ICMIF has staged, and regular attendees will not need to be reminded of the value which comes from participating in the conference programme. Greg Lockard, Director of Reinsurance Operations with ICMIF member Shelter (US), also urges those who have not previously been to the MORO to think seriously this year about booking their place.

“My company has been a long-time supporter and attendee of the MORO and I...

Tuesday, 12 December 2017

Last month I had the great fortune to travel to Singapore as this was the location for the latest ICMIF Advanced Management Course (also known as the AMC). This was the twentieth time that ICMIF has run the Advanced Management Course and the second time that we were able to hold the course in the stunning location of Singapore thanks to the fabulous generosity of our hosts, ICMIF member NTUC Income.

In brief, the ICMIF Advanced Management Course was developed specifically for ICMIF members, all of whom are member-owned insurers, who want their team leaders and managers to benefit from specialised professional development with a...

Monday, 18 September 2017

When I was invited to speak at the ICMIF Biennial Conference, and heard the theme was “redesigning insurance”, my immediate thought was that this may actually be a never-ending task.

It seems that with digital disruption in full swing, all industries are faced with the problem of changing the way they do business in real time, while keeping the original business running and servicing existing customers.

One of the best examples of this is the decision by the UK to leave the EU or “Brexit” as it has become known globally. Think about your own business. If you were told that you had to completely divest one of your largest...

Tuesday, 15 August 2017

There’s no doubt that the insurance industry is living through interesting times. We are facing unprecedented change from a wide range of forces including: climate change; new risks, such as cyber security and the sharing economy; and new technology, including artificial intelligence, autonomous vehicles and the internet of things (IoT). We are also seeing social forces play an important role, and breakdowns in international cooperation, mass migration and income inequality are driving many of us to re-examine our role in promoting cooperation and mutual support. The upcoming ICMIF Biennial Conference will address many of these topics and...

Thursday, 04 May 2017

The digital world has brought disruption in a similar way to the impact of the invention of writing or the printing press. And we are only beginning to fully gauge this impact.

For those involved in developing the new digital economy, this high speed digitisation is an undeniable sign of progress. In the health sector, the consolidation of personal data on individuals is becoming a deciding factor for individual wellbeing. There is tremendous hope that healthcare will become mainly preventive, leading to more precise diagnostics and more effective early treatment that will bring about longer and healthier lives.


Thursday, 27 April 2017

It is a long time since a regulatory “level playing field” has been an aspiration for mutual/cooperative insurance companies. In certain jurisdictions, it is not entirely uncommon for insurance regulators or legislators to develop policies that presume all insurers have the same ownership and governance structures. But mutuals/cooperatives do not have the same ownership structures, nor are they governed the same way: they are owned by their customers (or customer-owned groups), who do not have the same rights as shareholders, but do participate in the firm’s governance, and are referred to as members.

Instead, the mutual sector is...

Thursday, 09 March 2017

Case study of the Task Force on Climate-related Financial Disclosure (TCFD)

The desire to influence global policy will be high on the wish list of almost every CEO in the insurance sector – certainly all of those I meet within the mutual and cooperative insurance sector. But rarely have I seen an idea move from the drawing board to action in as quick a time as it has taken for the creation of the Task Force on Climate-related Financial Disclosure (TCFD) to the publication of the report on its recommendations for helping businesses disclose climate-related financial risks and opportunities within the context of their existing...