ICMIF member MAS (New Zealand) has announced that it will be returning NZD 1.7 million (USD 1.1 million) in savings made on reduced motor vehicle claims during the COVID-19 lockdown to its members. This pass-back forms a major pillar of the MAS Relief Package which the mutual launched in April, which was established to help […]
UK ICMIF member Cornish Mutual has pledged to provide communities across the South West of England with 1,000 hours of volunteering during 2020. The rural insurer is actively supporting its employees in their efforts to volunteer across a wide range of good causes in their own neighbourhoods. Last year, the Cornish Mutual team totalled-up around […]
Covid-19 has caused major disruption to how businesses are able to work in the UK and as lockdown lifts, adapting to the new normal is crucial to survival for many says UK ICMIF member Ecclesiastical. The mutual specialist insurer has therefore used its risk expertise to help businesses prepare. To help businesses develop a strategic […]
Canadian ICMIF member The Commonwell Mutual Insurance Group has been named a Five-Star Carrier in Insurance Business Canada magazine’s annual Five-Star Carriers report. The prestigious list spotlights the companies that have received the highest ratings in this year’s broker’s survey of insurance carriers nationwide by consistently providing top-notch service. Insurance Business Canada asked hundreds of […]
Danish ICMIF member LB Forsikring has announced some good news for green car owners as the mutual insurer now offers a discount on car insurance for all cars that have achieved 5 stars in the Green NCAP test. Green NCAP is an independent initiative which promotes the development of cars which are clean, energy efficient […]
ICMIF member Simplyhealth (UK) has reported strong growth in its new virtual health cash plan app which includes a 24/7 GP and virtual physiotherapy triage service. The mutual says that customers are rapidly signing up for the new service and in June, Simplyhealth saw a 225% increase on May registrations for their new virtual health […]
In early July this year, La Capitale and SSQ Insurance announced that their merger of equals was official, creating the largest mutual insurance company in Canada with over 3.5 million members and clients. The merger of La Capitale and SSQ Insurance was originally announced in January of this year and after completing a number of regulatory steps, […]
During the uncertainty of the evolving COVID-19 situation, ICMIF member Thrivent (USA) has remained committed to serving its members and clients; protecting the health and safety of its workforce; and empowering its members to support their communities during this unprecedented time. As of the end of May, more than 46,000 Thrivent members, along with their […]
Direct premiums written in the US cyber insurance market grew by 11% year over year in 2019 to USD 2.25 billion; however, according to a new report from ICMIF Supporting Member AM Best, the rate of growth slowed from the previous year, marking the fourth year in a row of this trend. In the recent […]
Following the COVID-19-induced slowdown in global InsurTech investment during the first months of 2020, USD 1.56 billion was raised by InsurTech firms in Q2. The total, up 71% over Q1, was driven in part by later-stage investments, including four ‘mega-rounds’ in excess of USD 100 million, according to the new Quarterly InsurTech Briefing from Willis Towers Watson. […]