The positive impact of my participation in the ICMIF Biennial Conference in London in 2017 On August 2017, the President of my organisation 1CISP (the Philippines), Roy S. Miclat, recommended that I attend the ICMIF Biennial Conference in October 2017 which was to be held in London (UK). Unanimously, the 1CISP Board of Directors approved […]
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The socio-economic impact of mutual/cooperative insurers is often recognised as a core differentiator for our sector. Their ability to think and behave differently contributes to heightened consumer choice; product and service innovation; fair pricing; and ultimately improved consumer trust. The year 2018 has seen many success stories for our sector but particularly in terms of […]
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Although we live in an increasingly globalised society, insurance and the regulation of insurance remain a long way from the conception of a globalised industry as proposed by Levitt’s 1983 essay, “The Globalization of Markets” (Harvard Business Review), which suggested standardisation and convergence to be essential for successful businesses and markets. Certainly, insurance has relied on […]
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The below blog was published on the Willis Towers Watson Wire website on 24 October 2018. It was written by Francis Kean, Executive Director in Willis Towers Watson’s FINEX Global, is reproduced here for the benefit of our members with the kind permission of ICMIF Supporting Member Willis Re. The acronym FSB probably conjures up for you the Federal […]
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This year Argentina holds the G20 presidency and a G20 Insurance Forum took place this year for the first time ever in September in Bariloche, Patagonia. Four Argentinian ICMIF member organisations Sancor Seguros, La Segunda, San Cristóbal and ADIRA supported the project and helped to host the Forum. Alejandro Simón (seen on the far right […]
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There is significant growth potential for cyber security insurance products in Europe, according to an August study by the European Insurance and Occupational Pensions Authority, although many market challenges and issues remain. The report, “Understanding Cyber Insurance – A Structured Dialogue with Insurance Companies,” points out that most earlier studies focus on either the United […]
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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 […]
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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 […]
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“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 […]
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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 […]
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