“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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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 […]
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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 […]
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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 […]
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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 […]
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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, […]
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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, […]
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Unlike a listed company, which is owned by shareholders, a mutual company is made up of a community of members. This community of members guides the direction and governance of the entity, rather than shareholder interests. While this is the first time I have worked at a mutual organisation, I have not only been truly […]
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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 […]
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