ICMIF Supporting Member AM Best is maintaining its market segment outlook for the global reinsurance industry at stable despite the volatility and uncertainty created by the COVID-19 virus outbreak. According to the new Best’s Market Segment Report, titled Market Segment Outlook: Global Reinsurance, global reinsurers remain well-capitalized and the industry remains resilient, with a long history of innovative and prudent risk […]
According to the latest 1st View renewals report from ICMIF Supporting Member Willis Re, reinsurers took a measured approach to the April renewals, which saw significant rate increases on loss-affected accounts and more modest rises on loss-free business. The report’s findings indicate that the global reinsurance sector smoothly moved to the new working-from-home model following the COVID-19 outbreak […]
ICMIF member and cooperative insurer Sancor Seguros (Argentina) has announced the launch of a medical platform in a joint action with the Municipality of Sunchales, the home city of the insurer, during the period of government enforced lockdown in Argentina due to the coronavirus pandemic. Argentina has been in quarantine since 20 March with no outdoor exercise […]
ICMIF member Securian Financial (USA) donated 20,200 masks to help fill the “drastic” shortage health care workers say they face in the fight against the COVID-19 pandemic. This was in response to an appeal by the Minnesota Nurses Association (MNA) for certified N95 protective masks to be dropped off at its offices in St. Paul, Minnesota. The […]
ICMIF members are invited to join our Supporting Member, Aviva Investors, for a short virtual roundtable discussion with the Chief Investment Officers of their equities, credit, real asset, and global macro teams as they answer questions surrounding the impact of the coronavirus. This webcast lasts 35 minutes. Aviva Investors is an asset management company and is part of […]
ICMIF member NFU Mutual (UK) has today launched a GBP 32 million support package for customers and communities affected by Coronavirus, including updates to pricing, cover and claims, and increased charitable funding allocated to local organisations via their agencies. In addition, NFU Mutual will continue to reward customer loyalty through the organisation’s Mutual Bonus discount, despite the financial impact […]
ICMIF partner organisation the United Nations Development Programme (UNDP) in conjunction with the World Health Organization and UNICEF have launched the WhatsApp Coronavirus Information Hub in partnership with Whatsapp. The hub provides simple, actionable guidance for all types of organisations that rely on WhatsApp to communicate with others including health workers, educators, community leaders, nonprofits, local governments […]
Finnish ICMIF member LocalTapiola Group has announced it will donate EUR 1 million to support coronavirus relief around Finland. Support will be immediately directed to the Finnish Red Cross for the launch of a nationwide helpline. “Through the donation, we support the important work of the Finnish Red Cross to meet the need for help caused by the coronavirus […]
French ICMIF member MAIF has announced exceptional measures to deal with the coronavirus pandemic that is disrupting the daily lives of its members and stakeholders. On 1 April, the Board of Directors decided to pass on the savings achieved as a result of the reduction in road accidents during the containment period to its member-policyholders. Containment across […]
The Coronavirus situation in Sri Lanka is reported as being ‘under control for now’, with little over one hundred reported cases and no deaths so far. However, the measures taken to control the spreading of the virus – including strict curfews – have caused immense hardships to the general public. As usual, people living on […]