最新ニュース

Wednesday, 08 April 2020

In an effort to continue to support its members and clients, ICMIF member Desjardins General Insurance Group (Canada) is offering discounts on auto insurance premiums for personal and business clients who are staying at home during the COVID-19 pandemic. Nearly everyone is driving their vehicles less, and Desjardins General Insurance says it wants to acknowledge this fact.

This discount will be offered to clients whose commuting habits have significantly changed and who are only using their vehicles for essential trips to such places as the pharmacy or grocery store. This discount is open to anyone who has lost their job, for...

Wednesday, 08 April 2020

Last week, Swedish ICMIF members Länsförsäkringar and Folksam announced that they both made additional investments in social bonds to counteract the social and economic effects of the Covid-19 (coronavirus) pandemic. This follows a combined investment of SEK 1 billion (USD 100 million) from the two insurers last month in a social bond issued by the International Finance Corporation (IFC), part of the World Bank Group, to provide financial support to companies affected by the Covid-19 pandemic.

In this latest investment in social bonds, Folksam has invested a total of SEK 1 billion (USD 100 million). This includes a SEK 900 million...

Wednesday, 08 April 2020

In late March, ICMIF member Achmea (Netherlands) announced that it would grant voluntary and paid leave to employees of the cooperative insurer who had previously worked in the healthcare sector to allow them to support the Dutch healthcare system during the Coronavirus pandemic.

Achmea employees that are registered with the Dutch healthcare professionals register (BIG-register) - or have a recently expired BIG-registration – may, on a voluntary basis, be exempt from their normal duties at the insurer, whilst retaining their salary. With this gesture, Achmea wants to contribute to the relief of workload for healthcare professionals...

Wednesday, 08 April 2020

ICMIF member Indian Farmers Fertiliser Cooperative Limited (IFFCO) announced that it has donated INR 25 Crores (USD 3.2 million) to the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund). The fund will be used for combating, containment and relief efforts against the coronavirus (COVID-19) outbreak in India. Prime Minister Narendra Modi is the Chairman of the trust

IFFCO is one of India's biggest cooperative society and is wholly owned by an amalgamation of over 36,000 Indian cooperatives, with diversified business interests ranging from general insurance to rural telecom apart from our core...

Wednesday, 08 April 2020

Helping people and communities through the COVID-19 Pandemic

In response to the COVID-19 pandemic, Canadian ICMIF member The Wawanesa Mutual Insurance Company (Wawanesa Insurance) announced a CAD 100,000 donation to food banks in Canada and the United States.

“As we continue to experience the broad impacts of the COVID-19 pandemic across our communities, we’ve learned of the immense pressure being put on food banks,” said Jodi Carradice, Senior Vice President and Chief People and Culture Officer for Wawanesa Insurance. “Food banks are crucial to the health and well-being of so many people and, right now especially, our food...

Tuesday, 07 April 2020

ICMIF members are invited to join our Supporting Member, Aviva Investors, for a short virtual roundtable discussion with the Chief Investment Officers of their equities, credit, real asset, and global macro teams as they answer questions surrounding the impact of the coronavirus. This webcast lasts 35 minutes.

Aviva Investors is an asset management company and is part of the Aviva group. It has global assets under management of over £457 Billion, including equities, fixed income, investment solutions, multi-asset, and property investments.

They became an ICMIF Supporting Member at the beginning of this year. Their...

Tuesday, 07 April 2020

ICMIF member Securian Financial (USA) donated 20,200 masks to help fill the “drastic” shortage health care workers say they face in the fight against the COVID-19 pandemic. This was in response to an appeal by the Minnesota Nurses Association (MNA) for certified N95 protective masks to be dropped off at its offices in St. Paul, Minnesota.

The donations will be given to the State Emergency Operations Center and then distributed to area hospitals. The masks mean a nurse “will be less afraid to go home to their families at night,” MNA president Mary Turner said in a statement. “Re-using masks is potentially dangerous for both nurses...

Tuesday, 07 April 2020

ICMIF member and cooperative  insurer Sancor Seguros (Argentina) has announced the launch of a medical platform in a joint action with the Municipality of Sunchales, the home city of the insurer, during the period of government enforced lockdown in Argentina due to the coronavirus pandemic. Argentina has been in quarantine since 20 March with no outdoor exercise allowed and police permitted to arrest people for breaching quarantine rules. The services of the virtual office “Call the doctor” now allow residents of the insurer’s home city to access qualified and immediate medical attention by video call, available 24 hours a day, every...

Tuesday, 07 April 2020

According to the latest 1st View renewals report from ICMIF Supporting Member Willis Re, reinsurers took a measured approach to the April renewals, which saw significant rate increases on loss-affected accounts and more modest rises on loss-free business. The report’s findings indicate that the global reinsurance sector smoothly moved to the new working-from-home model following the COVID-19 outbreak and was able to provide uninterrupted service.

The largest risk-adjusted property price increases were seen on loss-hit catastrophe treaty contracts, which were up +30% to +50% for Japanese wind exposures. Loss-free treaties saw less...

Tuesday, 07 April 2020

ICMIF Supporting Member AM Best is maintaining its market segment outlook for the global reinsurance industry at stable despite the volatility and uncertainty created by the COVID-19 virus outbreak.

According to the new Best’s Market Segment Report, titled Market Segment Outlook: Global Reinsurance, global reinsurers remain well-capitalized and the industry remains resilient, with a long history of innovative and prudent risk management. AM Best says it expects any covered losses to be manageable and that relevant policy exclusions will hold up.

The report states that the stable outlook primarily reflects the pricing...

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