Latest News

Thursday, 21 May 2020

UK-based ICMIF member OneFamily has recently made a new grant available to its members if they are experiencing financial difficulties due to the coronavirus.

The organisation says it recognises that the impact of the COVID-19 pandemic has been huge, leaving many families concerned not only with their health, but also financially. In such unprecedented and uncertain times, the new grant has been made available to help customers who need extra support to survive financially.

OneFamily customers affected by coronavirus can apply for a Temporary Hardship Grant of up to GBP 250 to help with essential costs such as rent, bills,...

Wednesday, 20 May 2020

In response to the outbreak of Covid-19, ICMIF member Sancor Seguros (Argentina) has developed two new products to respond to the protection needs arising from the situation, which have additional coverage and benefits.

The new options are:

HOME OFFICE: a product offering cover for personal accidents, 24 hours a day, and accidental damage to technological work equipment (for individuals and companies). Cover is offered also for breakage, damage or theft of a PC/laptop; a subsidy in the event of a death; and additional coverage for bone fractures suffered by members of the policyholder’s immediate family.


Tuesday, 19 May 2020

Dutch ICMIF member Achmea yesterday announced the issuance of a new senior bond. This bond will be used to refinance a senior unsecured bond of EUR 750 million that matures in November 2020. Achmea published its annual figures on 12 March and reported a solvency ratio of 219% and liquidity of EUR 732 million. In the light of the global Covid-19-pandemic, Achmea confirmed that its Q1 2020 capital and liquidity positions are robust and that the solvency ratio is substantially above target levels. Depending on the duration and intensity of the outbreak, Achmea says it sees potential negative effects on the financial results of the non-life...

Tuesday, 19 May 2020

Earlier in the Covid-19 pandemic we reported on the ways in which ICMIF member Climbs Life and General Insurance Cooperative in the Philippines was supporting members during the crisis.

This included, on 11 March, setting up a Covid-19 taskforce to create a Crisis Management Plan and Crisis Communications Plan.

Under the tagline “more than just protection”, CLIMBS also launched a Community Action Response and Emergency Services (CLIMBS CARES), which aims to assist communities affected especially in the distribution of safe drinking water and water for sanitation purposes. Climbs runs its own Covid-19 hotline, which is open...

Thursday, 14 May 2020

ICMIF member Coopenae (Costa Rica) is helping its members address any problems they face due to the coronavirus (COVID-19) situation, through a range of initiatives and in particular a website launched specifically to help its members with issues around finances during the pandemic.

The recently launched Coopenae coronavirus website has video tutorials to help members know how to carry out essential financial transactions such as transfers, payment of services, credit requests, card payments and many other processes from their homes and without the need to go to one of Coopenae’s branches. The company is also using its Facebook...

Thursday, 14 May 2020

During a recent ICMIF webinar on “New business models for the mutual of the future“, Lauri Saraste, Director at ICMIF member LocalTapiola (Finland) spoke of the many initiatives that his organisation had undertaken to try to help members and communities in Finland during the COVID-19 pandemic. Before going on to describe some of the initiatives, Saraste said: “Finland is a remote country and has not been as hard hit by the coronavirus pandemic as some other countries. However, there has been a major impact on both the economy and on the society, so trying to help our customers in a variety of ways has been very important for us.”

Thursday, 14 May 2020

Swedish ICMIF member Länsförsäkringar's Research Fund is funding a new research study at Uppsala University to investigate children and young people's views on the Covid-19 situation. The study will look at those who are aged 4-18 years old. According to the Research Fund, many children and young people feel anxious and are touched by the issue, but their voices are rarely heard.

Peter Griepenkerl Lööf, Head of the Länsförsäkringar Research Fund, says: “we want to increase awareness and knowledge of the situation as it is being experienced by children's situation during the pandemic by funding independent research and we want to...

Wednesday, 13 May 2020

Argentinian ICMIF member Seguros Rivadavia has joined the fight trying to combat the pandemic generated by COVID-19 with various solidarity actions through its Raúl Vázquez Foundation, allocating donations of more than ARS 2 million to the cause.

Of the various donations made by Seguros Rivadavia, two important contributions stand out, the first was to the San Roque Hospital in the town of Manuel B. Gonnet and the Rodolfo Rossi Hospital in the city of La Plata. The donations given to these two hospitals provided the construction and sanitation materials necessary for a comprehensive restoration of the changing rooms for the...

Wednesday, 13 May 2020

Canadian ICMIF member The Commonwell Mutual Insurance Group has this week announced the introduction of “Pay It Forward” – an innovative initiative developed in response to the COVID-19 pandemic. Every member is to be sent CAD 100 as part of the organisation’s COVID-19 Member Response Plan giving a total payment of CAD 8.4 million.

“We are proud to count more than 84,000 households in our membership at The Commonwell Mutual Insurance Group,” said President & CEO Tim Shauf. “We want to honour their support of us with a special one-time payment of CAD 100 that may be used to ease personal financial pressure or “Pay It Forward” by...

Wednesday, 13 May 2020

During the ongoing COVID-19 pandemic, three Canadian ICMIF members have responded with initiatives to provide assistance to their member policyholders and to support local communities and healthcare providers.

Trillium Mutual announced last week that it will be donating CAD 100,000 to support mental health initiatives and programs that are directly helping farmers and rural communities across Ontario that may be struggling during these times. The donation will be made through Trillium’s ROOTS Community Support Fund, and was announced during the Canadian Mental Health Association’s (CMHA) Mental Health Week.

Trillium Mutual...