ICMIF member Thrivent (USA), has been recognized by Ethisphere, a global organisation which aims to define and advance the standards of ethical business practices, as one of the 2020 World’s Most Ethical Companies. This recognition honours those companies that take the long view with a purpose-based strategy and strive to create positive change throughout their various communities […]
The Japan Cooperative Insurance Association Incorporated (JCIA) has recently published the English version of its annual Cooperative Insurance in Japan Fact Book. JCIA is a general incorporated association in Japan, which was established for the purpose of promoting coordination among member societies and contributing to the development of cooperatives and cooperative insurers. The main activities […]
To achieve the 2030 Agenda for Sustainable Development, it is important to include road safety as a factor to be considered by large investors. That was the message from Folksam’s President and CEO Ylva Wessén earlier this week when she spoke at the 3rd Global Ministerial Conference on Road Safety. Every year, over one million people […]
Singaporean ICMIF member NTUC Income (Income) has announced that as of today (17 February 2020), close to 27,000 individuals insured by Income’s Personal Accident (PA) plans with infectious disease cover, and over 500,000 employees of organisations insured by its Group Employee Benefits policies, will automatically enjoy additional COVID-19 cover at no additional premium. To further support lower-income […]
Earlier this year, RAC’s BetterLabs Ventures announced an AUD 20 million expansion of its seed fund, making it the largest of its kind in Western Australia (WA). Part of ICMIF member RAC’s strategic innovation function, BetterLabs launched AUD 3 million in seed funding in September 2018 to support start-up founders on their growth journeys. RAC […]
This week, Dutch ICMIF member Achmea has activated 3200 solar panels which have been installed above the parking lot of the company’s offices in Apeldoorn (Netherlands). This new installation, which has been added to 600 solar panels already present at the site bringing the total number of panels to 4000, will provide the company’s office in Apeldoorn […]
Total new worldwide funding commitments to the InsurTech sector in 2019 were USD 6.37 billion, 33.9% of the historical total, following a record-breaking USD 1.99 billion of investment in 75 projects during Q4 2019, according to the new Quarterly InsurTech Briefing from Willis Towers Watson, the global advisory, broking and solutions company. During the year, eight “unicorn […]
ICMIF Supporting Member AM Best has this week said that it expects that China’s non-life insurance market will experience limited losses from the ongoing coronavirus outbreak, due to factors including the central government’s announcement to undertake all medical expenses related to the 2019-nCoV diagnosis and treatment, coverage exclusions, and the lack of claim triggers for business interruption […]
A new Bill has been introduced in the UK Parliament this week which aims to facilitate more capital investment into cooperatives. The Private Members’ Bill, brought forward by Cardiff North MP, Anna McMorrin, was read for the first time in the House of Commons on Wednesday 5 February. The Co-operative and Community Benefit Societies (Environmentally Sustainable Investment) Bill proposes […]
During its 71st anniversary celebration held on 28 January 2020 at the Philippine International Convention Centre in Metro Manila, the Philippine Insurance Commission (IC), the regulator of the insurance industry in the Philippines operating under the Philippine Department of Finance, announced the results of the 2019 Insurance Industry Association of Southeast Asian Nations (ASEAN) Corporate Governance Scorecard Assessment as undertaken by […]