New Zealand ICMIF member MAS has been awarded the Consumer NZ People’s Choice Award for its house, car, contents and life insurance – for a fifth consecutive year. The awards are based on Consumer NZ’s customer satisfaction surveys, conducted with their members and supporters. MAS topped the surveys by a large margin, with overall satisfaction […]
Just before Christmas, ICMIF member Simplyhealth (UK) announced that it was donating a total of GBP 40,000 to nine local charities, to support them during what has been a difficult year for charities. Simplyhealth has long-standing relationships with various charities in and around Andover and Winchester, where their offices are based. The mutual says its […]
On 21 December 1945, the cooperative insurer and ICMIF member Sancor Seguros was formed in the town of Sunchales (Argentina). Now, 75 years later, Sancor Seguros has celebrated its anniversary with two events. A formal ceremony was held on the morning of 21 December 2020, which brought together government authorities, the President and CEO of […]
Japanese ICMIF member Zenkyoren (National Mutual Insurance Federation of Agricultural Cooperatives), which belongs to the JA (Japan Agricultural Cooperatives) Group has announced that the virtual reality (VR) equipment developed by the cooperative insurer to help prevent accidents in agricultural workplaces has been recognised in the Good Design Awards 2020 from the Japan Institute of Design […]
ICMIF Supporting Member AM Best has maintained its market segment outlook on the global reinsurance industry at stable for 2021, citing factors that include positive pricing momentum, combined with tighter terms and conditions, offset somewhat by uncertainty with regard to claims reserve development associated with previous years’ property catastrophe events; social inflation; and more recently, […]
New research from ICMIF member NFU Mutual (UK) has revealed that ongoing Coronavirus lockdown measures are taking their toll on the mental health of communities across the UK. The insurer’s customer survey shows that more people are feeling stressed (+7%), anxious (+3%) and lonely (+2%) than in June. Recognising the challenges that communities are facing, […]
ICMIF member Folksam (Sweden) has signed an agreement with Pensionärernas riksorganisation (PRO) – the Swedish National Pensioners’ Organisation – to provide a range of insurance products exclusively to the organisation’s members. The agreement means that all the insurance products offered to PRO’s 320,000 members will be from Folksam. “We are very happy that, after a […]
ICMIF member NTUC Income (Income, Singapore) and Visa have together launched SNACKUP, an industry-first insurance proposition that allows consumers to build insurance coverage, contributed entirely by merchant and participating brands, when they spend with their Visa cards. SNACKUP is an expansion of SNACK, the ground-breaking lifestyle-based micro-policy insurance model that allows consumers to build or ‘stack’ insurance coverage linked to their daily activities such as […]
Insurance industry losses from natural catastrophes and man-made disasters globally amounted to USD 83 billion in 2020, according to preliminary estimates from ICMIF Supporting Member Swiss Re. This makes it the fifth-costliest year for the industry since 1970. Losses were driven by a record number of severe convective storms (thunderstorms with tornadoes, floods and hail) […]
This year, Danish ICMIF member LB Forsikring will pay out DKK 148 million as a loyalty discount to its members. This brings the total payment in yearly discounts to more than DKK 1.1 billion over the course of the last decade. A decade which has also seen uninterrupted membership growth for the insurance company. This will come as something of an early Christmas present on 21 December […]