最新ニュース

Friday, 10 January 2020

In December last year, the latest annual cycle of Continuous Training for Insurance Brokers working for Argentinian ICMIF member San Cristóbal Seguros came to an end. This training programme has taken place every year for the last 21 years. A training and loyalty day for the company’s brokers (known in Spanish as “Productores Asesores de Seguros” or PAS) was held in each of the nine cities where San Cristóbal Seguros has branches (with a total of 1,000 brokers). The focus this year was on digital transformation, a trend that ICMIF is seeing across its membership.

The topics addressed over the course of the 2019 broker training...

Thursday, 02 January 2020

According to the latest 1st View renewals report from ICMIF Supporting Member Willis Re, reinsurers have been judicious during the 1.1 renewal period, leading to significant pricing and capacity variance depending on geography, product line, loss record, and individual client relationships. As a result, the report concludes, the renewal season has concluded later than in previous years.

Findings in the report state that, in general, US placements were more challenging than international renewals, with UK motor and some international liability accounts being the exceptions to the rule, while property catastrophe (cat) proved less...

Friday, 20 December 2019

Earlier this month, the team at ICMIF donated an assortment of Christmas presents and chocolate selection boxes to a local charity The Children’s Adventure Farm Trust (CAFT) to be distributed to children at Christmas parties organised at the Farm. The team who visited the Farm to give the gifts to the charity also had the very special mission of dressing up as festive mascots to welcome the children to the Farm that day.

CAFT is based very close to the ICMIF office and the Farm provides a variety of fun days and short holidays for terminally ill, disabled and disadvantaged children from all over the North West of the UK. ICMIF...

Thursday, 19 December 2019

ICMIF member the P&V Group (Belgium) has this week signed an agreement to acquire all the shares in Belgian life insurance company Private Insurer. Private Insurer has 18 employees and collected in EUR 70 million in premiums in 2018. The acquisition should be finalized before the end of the first quarter of 2020, subject to approval by the National Bank of Belgium.

Through this acquisition the P&V Group will strengthens its life insurance product offering in terms of life products known in Belgium as Branch 23. Branch 23 products do not offer a guaranteed return. The return depends on the investment funds which the policy...

Thursday, 19 December 2019

A Co-operative Executive Masterclass, organised by The Co-operative College in partnership with ICMIF, took place on Monday 25 November 2019 at ICMIF’s offices near Manchester (UK). This Masterclass was organised for a delegation from ICMIF member organisation CLIMBS Life and General Insurance Cooperative (the Philippines) along with other cooperative delegates from other organisations in the Philippines.

The Masterclass focused on the following topics:

How do cooperative leaders think globally and act locally? What values make a cooperative leader and why? How to adopt a values-led, adaptive and ethical leadership approach...
Tuesday, 17 December 2019

Last month’s ICMIF Biennial Conference in Auckland (New Zealand) was attended by 50 young leaders from 13 countries who were there to participate in the second ICMIF Young Leaders Programme held during an ICMIF Conference.

The ICMIF Young Leaders Programme has been specifically designed as a unique development opportunity for younger, high potential employees at member organisations, exposing them to wider issues impacting the insurance industry and to strategic best-practice and mutuality on a global scale.  The Young Leaders who joined the Programme in Auckland were able to attend the full ICMIF Conference as well as...

Monday, 16 December 2019

Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), has been approved as a member of the International Cooperative and Mutual Insurance Federation (‘ICMIF’), the global representative body of the cooperative and mutual insurance sector.

Aviva Investors will become a ‘Supporting Member’, joining a group of five other companies from around the world. Supporting Members are suppliers considered important to the member-owned insurance sector. They work in partnership with the Federation and its members in helping to grow and advance the mutual and cooperative insurance sector.

Euan Munro (pictured),...

Thursday, 12 December 2019

ICMIF member EMC Insurance Companies (USA) received the Insurtech Corporate Innovation Award from Plug and Play at its Winter Summit in Silicon Valley last week. Plug and Play is a global innovation platform that connects start-ups and corporations.

“We are honoured by this award as it speaks volumes about the culture of innovation we’ve established at EMC,” said Scott Jean, EMC Executive Vice President — Finance & Strategy. “We’re doing industry-leading work and engaging our entire organization in the journey.”

EMC launched 17 pilots or proofs of concepts in 2019. Of those, several progressed to commercial agreements....

Wednesday, 11 December 2019

ICMIF member and Singapore-based insurer NTUC Income (Income) has become the latest cooperative/mutual insurer to offer a “Pay-as-you-drive” motor insurance policy. The insurance product has been launched in partnership with Carro, the largest automotive marketplace in Singapore.

The new insurance product is based on a “pay as you drive” model and users will pay according to how much they drive the car. The less people drive, the less they pay and vice versa. Carro car subscription customers will benefit from insurance savings via subscription credits based on how much they drive. Rebates for un-driven distance will be used to...

Tuesday, 10 December 2019

ICMIF Supporting Member AM Best has maintained a market segment outlook of stable on the global reinsurance industry for 2020, citing a stabilized pricing environment - albeit at levels below long-term adequacy - the continuing alignment between traditional and third-party capital and ongoing stability in the global life reinsurance segment.   The new Best’s Market Segment Report, titled, “Market Segment Outlook: Global Reinsurance,” states that although rates in the non-life reinsurance market have improved modestly, pricing has not kept adequate pace with the changing risk dynamics, as illustrated by loss development from events...

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