Peak Reinsurance Company Limited (“Peak Re”), a Hong Kong-based global reinsurer and one of ICMIF’s Supporting Members, today announced that it has won the “Asian Reinsurer of the Year” award at the Asian Banking and Finance Insurance Asia Awards 2020. The award honours Peak Re’s unique approach of contributing to the sustainable development of the […]
ICMIF member CoopSeguros (Dominican Republic) has this week signed an agreement to collaborate with the National Confederation of Agricultural Producers (Confederación Nacional de Productores Agropecuarios, Confenagro) which aims to provide insurance products that will directly benefit those working in the agriculture sector – both producers and workers. The agreement between the cooperative insurer and the […]
German ICMIF member DEVK successfully implemented FRISS Fraud Detection at Claims earlier this year in order to have a future-proof, AI-powered SaaS solution to fight insurance fraud and serve honest customers in the best possible way. At the time of the implementation (May 2020), more than 400 claims people at DEVK were screening about 160.000 […]
Just over 530,000 households from low-income communities are now covered with mutual microinsurance thanks to ICMIF’s 5-5-5 DHAN Foundation (DHAN) project in India. This equates to 2.65 million people being protected when averaging five people per household. This milestone has been achieved amid the COVID-19 pandemic with DHAN battling to help mitigate the negative impacts […]
One year after launching its Express Service for compulsory insurance policyholders, Cooperativa de Seguros Múltiples de Puerto Rico is now extending the Service to its 460,000 motor policyholders who currently have traditional policies. “We continue to be the only insurance company that arrives at the scene of the accident to start the processing of the […]
Argentinian ICMIF member San Cristóbal Seguros has launched a new type of insurance cover for tenants and property owners. The new Guaranteed Rental product offers guaranteed rental income for landlords and property owners on behalf of the people who want to rent a property but who do not have the guarantees normally required by real […]
As a mutual society, funeral service and insurance provider, ICMIF member AVBOB (South Africa) says it is intrinsically involved in the communities it serves. Therefore, as part of this year’s Mandela Month commemorations, the group has joined the fight against Gender-based Violence (GBV) by donating to several non-government organisations (NGOs) across the country. During the first week […]
Australian ICMIF member RAC has announced a new funding initiative under which it will provide up to one million Australian dollars to local governments to deliver community-based projects in Western Australia. RAC’s new Reconnect WA initiative aims to breathe new life into cities, towns and neighbourhoods, with the first funding stream — an AUD 500,000 […]
ICMIF Supporting Member AM Best has announced that it will host its annual reinsurance market briefing as a virtual event on 13 September 2020, 10:15 a.m.–11:45 a.m. (CEST). This follows the cancellation of the 2020 Rendez-Vous de Septembre. This event, which will be presented as a complimentary webinar, will mirror AM Best’s popular and well-attended […]
Despite having to pivot quickly to create an all-new digital experience, ICMIF member Securian Financial (USA) forged ahead with a quality summer internship experience in a virtual environment. Whilst many companies in the USA had to reconsider their internship programs, Securian Financial says it is fortunate to be in an essential industry and was therefore […]