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 […]
ICMIF member and specialist insurer Ecclesiastical (UK) and managing general agent (MGA) iprism have together launched a new digital platform providing cover for smaller not-for-profit organisations operating in the charity, education and faith sectors. The new platform builds on Ecclesiastical’s existing partnership with the MGA and will make it easier to reach the market and […]
To help reward good drivers and make communities across the province of Ontario (Canada) safer, ICMIF member Wawanesa has launched a unique mobile phone based telematics application, called Drive Change. While there are several telematics programmes currently available in Ontario, Wawanesa says its new Drive Change programme provides discounts for safe driving and rewards points […]
ICMIF member IPB Insurance (Ireland) has announced plans to invest EUR 3 million in social initiatives for the period 2024 to 2026. The funding is drawn from the company’s Corporate Social Engagement (CSE) Fund which supports initiatives for social benefit. The company commenced its Corporate Social Engagement Fund in 2012 on behalf of its members. […]
In its latest sigma study, The economics of digitalisation in insurance, Swiss Re Institute finds that digitalisation is a source of new growth, new risks and new efficiencies for the insurance industry. The report finds that digital value creation has led to an increase of firms’ intangible assets, including digital data. At the same time, […]