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. […]
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 […]