Canadian ICMIF member, The Commonwell Mutual Insurance Group, Ontario’s largest farm mutual, has proudly reaffirmed its commitment to giving back to the communities it serves. As part of the mutual insurer’s mission to “protect individuals together,” the company has taken an innovative approach to supporting communities beyond traditional insurance services. By having a policy with […]
The 2022 Statistical Report from ICMIF member World Council of Credit Unions (WOCCU) shows the global credit union movement achieved another great milestone last year as worldwide membership topped 400 million. According to the report, as of 31 December 2022, there were 403,976,049 credit union members in 98 countries. WOCCU says the new membership figure […]
Swedish ICMIF member Folksam is the first insurer in Sweden to use a new function which measures the climate footprint in the claims management system that Folksam uses on a daily basis. The new function was launched by Folksam’s partner CAB Group and it allows claims adjusters to see the climate footprint of repairs to […]
ICMIF member Simplyhealth (UK) has announced a partnership with Business in the Community (BITC), The Prince’s Responsible Business Network. The new partnership will support the wellbeing of some of the five million carers in England and Wales via the programme, ‘Let’s Care Together’, which encourages businesses to support carers with their wellbeing by matching volunteers […]
On Thursday 2 November 2023, at the ICMIF Sustainability Summit being held in London (UK), ICMIF launched the ICMIF Insurance SDG Benchmark. The benchmark is derived from the insurance SDG (i-SDG) scores of ICMIF members. It follows the launch of the ICMIF-calibrated Insurance SDG Calculator, the first tool to quantify insurance sustainability impact against the […]
ICMIF members have USD 1 trillion in assets under management in investments which are aligned to sustainable investment frameworks, according to the new 2023 edition of the ICMIF Members Sustainable Investment Report, an increase of 32% compared to the 2022 report. Data in the report shows that ICMIF members have aligned USD 1,003 billion with […]
Grupo San Cristóbal (Argentina) has been recognised at the Persona Awards (Premios Persona) in the category of Best practice in internal communication in sustainability. These awards recognise human resources practices that generate positive effects on well-being and productivity for organisations and their employees. The awards are given to companies that demonstrate having put effective internal […]
The Q3 2023 Natural Catastrophe Report from ICMIF Supporting Member, Gallagher Re, summarises the preliminary YTD Q1-Q3 global loss totals. The findings of the report highlight an active and impactful first three quarters of 2023 resulting in elevated natural catastrophe losses globally. Total economic losses were estimated at USD 290 billion. According to the report, […]
According to the latest Mutual Factor report released by the National Association of Mutual Insurance Companies (NAMIC), insured catastrophe losses in the United States continued at heightened levels through the second quarter of 2023, presenting a challenging start to the year and having a significant impact on the financial performance of the property/casualty insurance industry. […]
ICMIF member Thrivent (USA) has announced that it will provide USD 542 million in dividend payments and policy enhancements, such as additional credited interest and reduced fees, to clients with membership in 2024. The total payout marks a 22% increase over 2023, reaching more clients than ever before, says Thrivent. As a membership-owned organisation founded […]