A new Bill has been introduced in the UK Parliament this week which aims to facilitate more capital investment into cooperatives. The Private Members’ Bill, brought forward by Cardiff North MP, Anna McMorrin, was read for the first time in the House of Commons on Wednesday 5 February. The Co-operative and Community Benefit Societies (Environmentally Sustainable Investment) Bill proposes […]
Read More
During its 71st anniversary celebration held on 28 January 2020 at the Philippine International Convention Centre in Metro Manila, the Philippine Insurance Commission (IC), the regulator of the insurance industry in the Philippines operating under the Philippine Department of Finance, announced the results of the 2019 Insurance Industry Association of Southeast Asian Nations (ASEAN) Corporate Governance Scorecard Assessment as undertaken by […]
Read More
Swiss ICMIF member la Mobilière has taken a 25 percent shareholding in Swiss media company Ringier and the two Swiss companies have agreed to cooperate in the long-term. La Mobilière says this will enable the organisation to advance its digital transformation. La Mobilière introduced an extensive transformation of the organisation in 2015 based on its digitalisation strategy with the aim […]
Read More
The International Cooperative Alliance (ICA) and the European Research Institute on Cooperative and Social Enterprises (Euricse) have just published the 2019 issue of the World Cooperative Monitor. The 2019 edition is the eighth annual issue of the report. It explores the economic and social impact of the largest cooperatives and mutuals worldwide, providing a ranking of the Top 300, sector […]
Read More
Last week US ICMIF member EMC Insurance Companies, a national property and casualty insurer, and FRISS, a leading provider of insurance fraud detection solutions worldwide, announced a partnership. “We’re thrilled to be working together with EMC to reduce insurance fraud and further increase profitability,” said Jeroen Morrenhof, FRISS CEO and Co-founder. “We believe insurance is a beautiful […]
Read More
This week Dutch ICMIF member Achmea announced that it is in the top three of the most socially engaged Dutch insurers according to the Fair Insurance Guide (De Eerlijke Verzekeringswijzer). The announcement was made on Thursday 23 January 2020 following the Fair Insurance Guide’s annual survey of the investment policies of the nine largest insurance groups in […]
Read More
The Swiss insurance company and ICMIF member la Mobilière is setting up an insurtech company headquartered in Dublin. This move is intended to expand its presence into digital add-on insurance across EU markets. That will enable the cooperative la Mobilière to test out a new business model ahead of time, with a view to sustaining its development […]
Read More
UK-based ICMIF member Ecclesiastical has set itself a target of donating £100 million to good causes and the organisation says it is on track to hit this target by the end of 2020. In August 2019, the firm revealed that it had already donated £75 million of its £100 million target to good causes since 2016 and […]
Read More
According to a new Best’s Special Report from ICMIF Supporting Member AM Best titled, Latin America: Economic and Political Risks May Subside in 2020, the rating agency expects Latin America’s economies to rebound somewhat in 2020, which would help the insurance markets in these countries better realise their growth potential. In the new report, AM Best notes that […]
Read More
The Taal volcano is one of the Philippines’ most active volcano and recently, it has been spewing lava, triggering earthquakes and sending out large quantities of ash that have spread across the island of Luzon and beyond. Fears remain that a bigger and hazardous eruption could be imminent. The CARD Mutually Reinforcing Institutions or CARD […]
Read More