Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), has been approved as a member of the International Cooperative and Mutual Insurance Federation (‘ICMIF’), the global representative body of the cooperative and mutual insurance sector. Aviva Investors will become a ‘Supporting Member’, joining a group of five other companies from around the world. […]
ICMIF member EMC Insurance Companies (USA) received the Insurtech Corporate Innovation Award from Plug and Play at its Winter Summit in Silicon Valley last week. Plug and Play is a global innovation platform that connects start-ups and corporations. “We are honoured by this award as it speaks volumes about the culture of innovation we’ve established at EMC,” said Scott […]
ICMIF member and Singapore-based insurer NTUC Income (Income) has become the latest cooperative/mutual insurer to offer a “Pay-as-you-drive” motor insurance policy. The insurance product has been launched in partnership with Carro, the largest automotive marketplace in Singapore. The new insurance product is based on a “pay as you drive” model and users will pay according to how much […]
ICMIF Supporting Member AM Best has maintained a market segment outlook of stable on the global reinsurance industry for 2020, citing a stabilized pricing environment – albeit at levels below long-term adequacy – the continuing alignment between traditional and third-party capital and ongoing stability in the global life reinsurance segment. The new Best’s Market Segment Report, titled, […]
The 7th edition of the Sustainable Leadership Awards organised by the Argentine-British Chamber of Commerce (Cámara de Comercio Argentino – Británica, CCAB) took place on 28 November 2019 at the Buenos Aires Stock Exchange (Argentina). Betina Azugna, Corporate Social Responsibility Manager at the Sancor Seguros Group (one of ICMIF’s members), received the first prize awarded […]
Now in their 22nd year, the Personal Finance Awards have enjoyed recognition for many as being a benchmark for excellence in the UK’s consumer finance market. The 2019 Personal Finance Awards took place at the in London last week, on Wednesday 27 November. Voted for by consumers via The Money Pages website, the organisers say […]
According to a press release issued this week by ICMIF member The Co-operators, Canadians can now apply for funding to support local Wildfire Community Preparedness Day activities, and join municipalities from coast to coast in a national effort to reduce wildfire risk to local communities. Wildfire Community Preparedness Day is an annual, national programme, launched by FireSmart […]
Dutch ICMIF member Achmea is this week partnering with Amsterdam Drone Week (4 – 6 December 2019, Amsterdam). In their article about Achmea’s participation in the event, Amsterdam Drone Week commented that this may be seen as a striking partnership, because insurance may not be the first thing people think of when it comes to drones. Yet it is […]
The latest sigma report from the Swiss Re Institute (SRI), the research arm of ICMIF Supporting Member Swiss Re, suggests that technology advances are enabling non-life (P&C) insurers to unlock new frontiers in risk assessment and mitigation thanks to advanced analytics. Past successes that focused on improving expense ratios have catalysed new investment with pilots by insurers showing meaningful […]
Breach Fulfillment Services, Incident Response Forensics and new leadership create more comprehensive solution ICMIF Supporting Member CyberScout, a global leader in identity theft resolution, data defence and employee benefits services, has this week announced the expansion of their Global Incident Response offering, which now includes Breach Fulfillment Services and Incident Response Forensics that will help global […]