On 25 June 2020, Japanese ICMIF member Kokumin Kyosai Co-op (the National Federation of Workers and Consumers Kyosai Cooperatives (Zenrosai)) released the results of its survey on changes in awareness of community spirit and a willingness to help others, or “mutual help” as it is commonly known in Japan, during the COVID-19 pandemic. After rebranding […]
For the eleventh consecutive year, ICMIF member The Co-operators has been recognised as a Corporate Knights Best 50 Corporate Citizen in Canada. The annual ranking issued by Corporate Knights measures companies’ environmental, social, and governance–related performance. In the 2020 ranking, The Co-operators was recognised for leadership in sustainability, earning the number 4 spot. Last year, […]
On 1 June 2020, ICMIF member Thrivent (USA) launched a new brand to reflect its purpose and promise to clients as part of its ongoing transformation as an organisation. The new brand is intended to fuel growth and relevance among a new generation of clients and show how Thrivent is a truly unique financial services […]
Ethics constitute a fundamental pillar in the management of our organisation, says Brazilian ICMIF member Seguros Unimed. The cooperative insurer has just signed up to the Pact for Integrity and Against Corruption which was launched by the Instituto Ethos (Ethos Institute). The Ethos Institute of Business and Social Responsibility is what is known as a […]
ICMIF member Unimutual (Australia) has launched Unipedia, a new open source resource portal for its members. Unimutal’s aim is to build “…the Wikipedia of higher education, university, and research risk management tools”, helping its members to grow stronger and adapt to changing circumstances. Unimutual’s member community has always been a space for collaboration and learning […]
Last month, ICMIF member Desjardins (Canada) announced that its property and casualty insurance subsidiaries would be issuing a total of CAD 100 million in premium refunds to their 2.1 million Canadian auto insurance clients. This announcement follows an initial refund of close to CAD 50 million (announced in April) to auto insurance clients who were […]
In April of this year, ICMIF Supporting Member AM Best revised its market segment outlook on Italy’s life insurance market to negative. Key factors that led to the change in outlook include the exposure of earnings and solvency positions to material asset devaluations and ongoing volatility across all asset classes driven by the coronavirus (COVID-19) […]
ICMIF member Trillium Mutual Insurance (Canada) has announced a CAD 50,000 donation through its ROOTS Community Fund to support 4-H Ontario’s Taking Our Mental Health to Heart programme. The programme equips young people in Ontario with the skills and knowledge to adapt to mental health challenges through hands-on learning. “Trillium Mutual Insurance is a community-minded […]
ICMIF member NTUC Income (Income) was incorporated 50 years ago as the first insurance cooperative in Singapore and this year the organisation celebrates its Golden Jubilee. Today, the organisation maintains the same focus as it had at the start of operations back in 1970, making insurance accessible, affordable and sustainable in Singapore. Over the years, […]
According to the latest sigma report from the Swiss Re Institute, sigma 4/2020, World insurance: riding out the 2020 pandemic storm, the insurance industry is set to overcome this year’s COVID-19-induced global economic recession. The sharpest economic contraction since the 1930s will lead to a slump in demand for insurance in 2020, more so for […]