New ICMIF member Cirencester Friendly (UK) has announced it has been approved to be a signatory of the Protection Distributors Group (PDG) Claims Charter which aims to improve claims outcomes in the UK. The PDG Claims Charter was introduced in 2018 to improve outcomes for claimants by raising basic levels of best practice undertaken by […]
Swedish ICMIF member Folksam has announced an investment of SEK 3 billion (USD 274 million) in the Growth Markets Fund II of Danish fund manager Copenhagen Infrastructure Partners (CIP). The fund invests in the energy transition in the form of onshore and offshore wind power assets, solar farms and energy storage in high-growth, middle-income countries. […]
ICMIF member Shelter Insurance (Shelter) and Guidewire have issued a joint announcement confirming Shelter has selected Guidewire InsuranceSuite to power the company’s core business, simplify its IT operations and help deliver additional value to agents, policyholders and employees. The announcement confirmed the selection and implementation of Guidewire as a key component of Shelter’s Monarch business […]
Earlier this year, Danish ICMIF member LB Forsikring announced that it would be sharing a loyalty discount of DKK 124 million (USD 17.5 million) with its members in December 2024. The mutual insurer has recently announced that the loyalty discount it will share with members this month has now increased to DKK 131 million (USD […]
ICMIF member Seguros Equidad (Honduras) has launched the new ‘Safe Mode’ (Modo Seguro) marketing campaign, with the aim of promoting peace of mind and prevention for members in everyday life through its comprehensive insurance solutions. Seguros Equidad says it is proud to introduce its new ‘Modo Seguro’ campaign, designed to help people reflect on their […]
ICMIF member IBISA has partnered with VisionFund, the financial empowerment and livelihood arm of World Vision, to launch “ClimaCash+,” a groundbreaking suite of parametric climate insurance products designed to empower communities of climate adversity to respond quickly even before a disaster happens. Last year, 2023, has been confirmed as the warmest year since 1850, bringing […]
Danish ICMIF member GF Forsikring has announced it will share more than DKK 165 million (USD 23.4 million) with its members in 2025 – and for the third year in a row will enter a new year without having to impose extraordinary price increases. In a recent announcement, GF Forsikring said that although the costs […]
ICMIF Supporting Member AM Best has maintained its market segment outlook for the global reinsurance segment at positive, citing robust underwriting returns and the potential for solid full-year 2024 results despite an active Atlantic hurricane season. The recently issued Best’s Market Segment Report also notes that life insurance remains a good source of diversification for […]
ICMIF member AVBOB (South Africa) has been named the ‘Coolest Insurance Brand’ in the 20th Sunday Times GenNext Survey, a leading benchmark of South African youth culture, conducted by Yellowwood. The survey identifies the most favoured brands by young South Africans, and the 2024 results were announced on 18 November 2024 in Johannesburg. With over […]
ICMIF member and rural insurer NFU Mutual (UK) has today published a Code for Countryside Roads to tackle the tragic and disproportionate loss of life on the UK’s rural roads. NFU Mutual and its campaign partners launched the Code for Countryside Roads as exclusive analysis of official DfT figures shows that there are 70% more […]