According to ICMIF member the Microinsurance MBA Association of the Philippines, Inc (MiMAP, also known as RIMANSI Organization for Asia and the Pacific or RIMANSI), changes in contemporary society continue to highlight the volatility of the microinsurance industry. This includes the need for digitisation being as tantamount as ever with the need for microinsurers to […]
In recent years, Danish ICMIF member LB Forsikring has had a focus on reducing its emissions. However, the mutual insurer now finds it has residual emissions which it is currently unable to reduce itself. Therefore, LB Forsikring has announced that it will collaborate with Klimate.co on the CO2 capture of 50 tons of CO2 annually […]
UK ICMIF member Ecclesiastical Insurance has partnered with Brooks Braithwaite, part of the Petcover Group, to deliver a new scheme aimed at pet professionals. Brooks Braithwaite offers insurance products tailored specifically for animal related risks including animal centres, shows, displays, dog walkers, pet sitters, kennels, catteries and similar pet-related businesses. Ecclesiastical says this latest partnership […]
According to the new 1st View report from ICMIF Supporting Member Gallagher Re, the 1.1.24 renewal season has seen major changes in market conditions compared to last year. Just 12 months ago property catastrophe reinsurance was considered an unpredictable and volatile class warranting reduced capacity and changes in coverage, attachment, and pricing. Capacity was mostly […]
Swedish ICMIF member Folksam has launched a new child insurance offering to meet the needs of households during a time of tough economic pressures and cost of living increases. According to statistics from Insurance Sweden, as many as 1.5 million+ children and young people do not have an individual child insurance. Many households are facing […]
NFU Mutual Charitable Trust’s funding during 2023 delivers more than GBP 1m to good causes in the UK
ICMIF member NFU Mutual‘s Charitable Trust has announced that its donations for 2023 amount to more than GBP 1m. The NFU Mutual Charitable Trust is one of the main ways that rural insurer NFU Mutual provides donations to charities, and its work in 2023 formed part of NFU Mutual’s GBP 3.25m charitable giving pledge to […]
Four UK trade bodies have come together to publish a joint prospectus ahead of the next General Election, outlining how cooperatives and mutuals can help the next government tackle the biggest challenges: economic stagnation, inequality and insecurity, and the climate emergency. The four bodies are ICMIF member the Association of Financial Mutuals (AFM); the Association […]
ICMIF Supporting Member EY has published the 2024 edition of its EY Global Insurance Outlook which explores the ever-changing insurance industry landscape with the aim to inform the perspectives of senior leaders. According to the findings of the recent report, the market insurance continues to be shaped by multiple disruptive forces — from technology advancement […]
New research from ICMIF member LV= says 22 million British adults saw their finances deteriorate in the three months to September despite signs financial resilience is stabilising. This is according to the latest findings of the Wealth and Wellbeing Research Programme at LV=. Findings from the Programme, a survey of 4,000 UK adults, shows that […]
ICMIF Supporting Member AM Best has maintained its market segment outlook for the global reinsurance segment at stable, citing substantial rate improvement, primarily in property lines, with higher average attachment points expected to result in widening profit margins. According to the recent Best’s Market Segment Report, Market Segment Outlook: Global Reinsurance, there were additional factors […]