Like many among the ICMIF membership, I am a passionate advocate of mutuals, and of the benefits they deliver for their members, customers and wider society. But for much of the British public and, indeed, for a large proportion of the policymaker and regulator community, the concept of mutuality is, at best, poorly understood and, […]
“It can be difficult for co-operatives and mutuals to access the investment capital they need to prosper, grow and compete. This has been a significant impediment to their success, at a time when this way of doing business is more popular than ever,” writes Melina Morrison, CEO at ICMIF member the Business Council of Cooperatives […]
I have spent a lot of time in the last few months representing ICMIF members at various international forums which are working towards combatting the greatest challenge of our lifetime, namely, climate change. Many governments and businesses are making net-zero commitments for 2050 but in reality, if we don’t make significant headway in the next […]
“Insured natural catastrophe losses hit USD 125 billion in 2022, with about half from Hurricane Ian. But Ian was no fluke storm. Its high cost stems largely from its landfall in fast-growing coastal Florida. Rising exposures in places like this, coupled with surging economic inflation, send a clear signal to re/insurers: We must remain vigilant […]
On 5 June 2023, people around the globe are celebrating World Environment Day, a day to raise awareness for the protection of the environment. In honour of this day, ICMIF is proud to showcase some of the remarkable initiatives undertaken by its members to safeguard the environment and protect local communities. Embedding sustainability into strategy […]
“The climate risk landscape is continually evolving, and globally there has been a greater desire from the market to provide new solutions with climate risk impacting the financial strength and creditworthiness of a re/insurer,” writes Andrea Keenan, Chief Strategy Officer at ICMIF Supporting Member AM Best. We are pleased to share this guest blog from […]
Mami Mizutori is Special Representative of the UN Secretary-General for Disaster Risk Reduction and Head of the United Nations Office for Disaster Risk Reduction (UNDRR), one of ICMIF’s partner organisations. In November 2019, ICMIF and UNDRR began a multi-year collaboration to help address the urgent challenge of reducing disaster risks. This work, with collaboration from our members, […]
“There’s no doubt that the time is now for embedded insurance as insurers and other companies try to unlock value from seamlessly weaving insurance into purchase, use and upkeep of assets and services. A confluence of societal trends and market forces – from technology advancements and pervasive connectivity to shifting consumer needs and evolving growth […]
“Parametric insurance is not a new concept. Such products and solutions have been in existence for more than 20 years. On the African continent, however, parametric insurance is relatively new but becoming ever more crucial to climate resilience” writes Lesley Ndlovu, Chief Executive Officer, African Risk Capacity (ARC, South Africa). We are pleased to share […]
In a rapidly changing world that is ever more complex, on a planet that is getting warmer, and at a time when we have to focus on performance and people in equal measure, the status quo is no longer an option. Earlier this year, Geneviève Fortier, CEO of Canadian ICMIF member Promutuel Insurance, explained during […]