Earlier this month, representatives from ICMIF member CIC Insurance Group (Kenya) and Cooperative Life Assurance Ltd, a subsidiary of CIC Insurance Group Malawi, participated in an exposure visit to another ICMIF member CARD MBA in the Philippines as part of the UNDP ICMIF Insurance Innovation Challenge (IIC). The programme provided delegates with the opportunity to […]
South African ICMIF member the Professional Provident Society (PPS) has launched glu, a new division designed to extend mutuality-driven benefits to a wider audience across South Africa. The new division will be live from 30 January 2025 and the aim is for glu to bring a fresh approach to financial security in South Africa, furthering […]
ICMIF member Cirencester Friendly has announced a new partnership with Medi2data, a service that allows medical records to be obtained for underwriting and claims purposes. Cirencester Friendly says the new partnership will streamline existing processes, allowing the Society to speed up underwriting and claims decisions where medical information is needed. This innovation has also facilitated […]
Dutch ICMIF member Achmea has today announced it will offer online insurance in Spain and Romania. In Spain, Achmea will operate under the brand name InShared and in Romania under the brand name Anytime, which is the platform of the Greek subsidiary Interamerican. Achmea says the direct-digital model, in which insurance is offered exclusively online, […]
Two Canadian ICMIF members have announced that they are to merge. Beneva—Canada’s largest mutual insurer – and Gore Mutual – one of the oldest property and casualty mutual insurers in Canada – have today announced their intention to combine their businesses to drive future growth. A joint announcement from the two organisations described this merger […]
Swedish ICMIF member Folksam has adopted new climate targets to reach net-zero emissions in its asset portfolios by 2050. One of the new targets is to reduce the CO2 footprint of equities, corporate bonds, alternative investments and real estate by 2030. Folksam said it has already fulfilled its previous climate sub-goals as of 1 January […]
Late last year, Danish ICMIF member Sygeforsikring “danmark” announced it would be distributing DKK 100 million (USD 138,090) to projects that deal with health research, information and prevention thanks to an investment surplus in 2023. Sygeforsikring “danmark” donates part of its investment profits to healthcare projects and has supported Danish healthcare research, prevention and education […]
According to global risk and reinsurance specialist and ICMIF Supporting Member Guy Carpenter, non-loss-impacted property catastrophe renewals saw notable risk-adjusted reinsurance rate reductions of 5% to 15% at January 1. However, Guy Carpenter notes there was a range of pricing outcomes that varied by region, attachment point and reinsurer views of price adequacy. In a […]
ICMIF member NFU Mutual (UK) has announced GBP 4m of funding for local and national charities during 2025, to continue its support to the ongoing challenges faced by front-line charities across the country. Over the past three years, 2022 to 2024, NFU Mutual has distributed GBP 3.25m of funding each year to local and national […]
According to the new 1st View report from ICMIF Supporting Member Gallagher Re, the January 1 reinsurance renewals revealed diverse outcomes, tailored by class of business, geography, and strategy. Reinsurers refined solutions by leveraging detailed data, clearer risk strategies, and external sources. While the primary insurance market’s improved pricing bolstered financial positions, reinsurers benefited from […]