Latest news from the sector

Read and share inspirational stories collected from across the ICMIF membership.

Folksam Group invests SEK 1 billion to develop agriculture and reduce food shortages in the world’s poorer countries

Pension savers and policyholders of Swedish ICMIF member Folksam are investing approximately SEK 1 billion (USD 100 million) in the UN agency International Fund for Agricultural Development (IFAD) first-ever bond. The investment, where the Folksam Group is the only financier, will help reduce food shortages and increase growth in the world’s poorer countries; whilst also […]

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During Pride Month Beneva announces its support for members undergoing a gender transition

Canadian IMCIF member Beneva has announced it is expanding its group insurance health coverage by adding a new gender-affirming clause. To that effect, the mutual will now reimburse the eligible expenses of surgery performed by a doctor to change the sex characteristics so that they correspond to the person’s gender identity. “This new clause reflects […]

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R+V receives highest award of Corporate Brand of the Year at German Brand Awards 2022

“With its clear and courageous position against racism, hatred and verbal violence as well as its commitment in times of crisis, (ICMIF Member) R+V Versicherung proves its brand promise in a contemporary, tangible and credible way,” said the jury of the German Brand Awards competition, explaining its choice of R+V as winner of the award […]

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NTUC Income announces net-zero ambition by 2050 in inaugural sustainability report

Singapore-based ICMIF member NTUC Income (Income) launched its first Sustainability Report, “Because We Are Made for Purpose”, earlier this month. The report outlines Income’s sustainability vision to empower better financial well-being by embedding environmental, social and governance (ESG) considerations across its business. It also taps into opportunities to achieve operational resilience, as well as address […]

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Mutual insurers in Europe outperform the overall European market with record share of total market premiums

The share of the total European insurance market held by mutual and cooperative insurers has increased to a record high of 33.4%, according to the International Cooperative and Mutual Insurance Federation’s latest Mutual Market Share report, marking a 9.2 percentage-point increase from the first available market share figure (24.2%) recorded in 2007. ICMIF’s European Mutual […]

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NFU Mutual becomes the first UK insurer to receive Carbon Literacy Bronze status

ICMIF member and rural insurer, NFU Mutual, is the first UK insurance company to receive Bronze accreditation from The Carbon Literacy Project. The Bronze accreditation follows the recent launch of the insurer’s net zero roadmap, which sets out a long-term plan to achieve net zero operations by 2050. By receiving the Bronze accreditation, The Carbon […]

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Dina Försäkringar and Landshypotek Bank deepen their collaboration to increase value for customers and increase market share

Swedish ICMIF member Dina Försäkringar and Landshypotek Bank have announced that they are deepening the collaboration between the two customer-owned companies. It is a collaboration that began in 2019. Thanks to the collaboration, more customers across Sweden will have the opportunity to have loans and insurance that are competitive, secure and simple. The two organisations […]

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Rural mutual insurers FMG and NFU Mutual ranked as best workplaces in the world

Two ICMIF members, FMG in New Zealand and NFU Mutual in the UK, are among just 41 organisations from around the world that have been named as Gallup Exceptional Workplaces. The international Gallup Exceptional Workplace award is evaluated carefully by a panel of judges and given only to organisations that meet rigorous standards of employee […]

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Unipol sets out sustainability targets in next strategic plan and joins the Net-Zero Asset Owner Alliance

Last month, ICMIF member Unipol Group (Italy) announced that it has joined the United Nations-convened Net-Zero Asset Owner Alliance, making it the seventh ICMIF member organisation to join the Alliance. The Net Zero Asset Owner Alliance is an international group of 73 institutional investors with USD 10.6 trillion in assets under management, delivering on a […]

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Beneva expands partnership with Université Laval to support the success, health and well-being of the community

Canadian ICMIF member Beneva has announced that it has expanded its partnership with Université Laval to include impactful projects that will promote healthy lifestyle habits, more caring school and work environments as well as athletic and academic excellence. Born of La Capitale and SSQ Insurance, Beneva is donating CAD 590,000 to principally support the following […]

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