Latest news from the sector

Read and share inspirational stories collected from across the ICMIF membership.

Mutual Fire Insurance declares premium refund for qualifying members

As a mutual insurer, Canadian ICMIF member The Mutual Fire Insurance Company of British Columbia only retains enough profits each year as required to support the organisation’s growth. At the beginning of every year, the company reviews its financial statements and investments to ensure it has exceeded the set financial conditions of its company charter […]

Read More

Ajusto from Desjardins Insurance: Recognising driving habits and going the extra mile to promote safer driving

Since 2013, the Ajusto programme from Desjardins Insurance has been encouraging safe drivers and rewarding them for making Canadian roads safer. ICMIF member Desjardins has used the experienced gained with the app over the last few years and released a new version of Ajusto that they believe will go even further in promoting safe driving […]

Read More

Gore Mutual working to grow into a purpose-driven, digitally-led mutual insurer

Following extensive research that looked deep into the future macroeconomic and societal landscape of both Canada and the world, ICMIF member Gore Mutual launched its Next Horizon strategy at the beginning of 2020. Next Horizon is Gore Mutual’s 10-year vision and strategy that sets a new path for the mutual insurance company, driven by fast-changing […]

Read More

Eight UK charities receive vital support as NFU Mutual Charitable Trust provides GBP 750,000 funding boost

UK-based rural insurer and ICMIF member NFU Mutual has this week pledged an additional GBP 750,000 to support eight charities through donations facilitated by the NFU Mutual Charitable Trust in response to the ongoing challenges faced by communities across the UK. FareShare and Samaritans are among the eight national charities to receive a funding boost […]

Read More

Royal London launches protection menu tool for advisers

ICMIF member Royal London (UK) has launched a protection tool to help advisers offer the most suitable menu protection plans for clients. Advisers can input information about their client including age, salary and whether or not they have children into the new online tool, which then outlines possible cover options. Based on an estimated cover […]

Read More

Shelter Insurance recognised as Top Diversity Employer for 2021

US ICMIF member Shelter Insurance has been recognised as a Top Diversity Employer for 2021 in the insurance category by online recruitment platform DiversityJobs. This listing identifies employers which have “shown dedication and outstanding commitment to building a diverse workforce and culture”. Diversity and inclusion at Shelter Shelter is committed to bringing together the diverse […]

Read More

The ClimateWise Principles Independent Review for 2020 has seen record improvement in scores across the ClimateWise membership

The ClimateWise Principles Independent Review 2020 was published last week, and findings show member insurance industry firms have made significant progress in disclosing their preparedness and response to climate change. ICMIF members Ecclesiastical (UK) and Swiss Re are both members of ClimateWise. ClimateWise is a voluntary global membership initiative which brings together reinsurers, insurers brokers […]

Read More

AVBOB extends financial support during Covid-19 pandemic

As South Africa continues to grapple with a second wave of COVID-19 infections, ICMIF member AVBOB, a funeral service and funeral insurance provider, is taking a proactive approach in alleviating some of the financial burden on individuals who need to lay their loved ones to rest. Towards this end, AVBOB says it has saved its […]

Read More

Royal London paid GBP 13.1 million for Covid-19 claims in 2020 helping the families of more than 2,100 customers

According to ICMIF member Royal London, it paid out a total of GBP 13 million for Covid-19 claims in 2020. The majority of the claims (2,110) were death claims with 2,049 paid out on Whole of Life policies and 61 on Term Life policies. One Critical Illness claim was paid due to Covid-19 leading to […]

Read More

Best’s Special Report: EIOPA’s Solvency II proposals seek to reform a very particular regime

As Solvency II celebrates its fifth anniversary, the European Commission is moving forward with a review of the system that will shape its operation over the coming years. A new report by ICMIF Supporting Member AM Best, A Very Particular Regime — EIOPA’s Solvency II Review Advice examines some of the Solvency II reform proposals […]

Read More
Scroll to Top