Last week, ICMIF Supporting Member Guy Carpenter, announced the launch of the next generation of its catastrophe analytics platform, GC AdvantagePoint®. The updated platform features new technology that will improve the performance and efficiency of underwriting and catastrophe management workflows for its clients. The enhancement includes key new modules: Event Impact: Users receive prompt notice […]
ICMIF member Royal London, the UK’s largest life, pensions and investment mutual, has improved its pre-sale underwriting tool to widen the scope of medical conditions covered from 60 to over 3,600. This change to a more flexible customer journey will make it easier and faster for advisers to get indicative underwriting terms. Advisers can choose […]
In June 2023, the Superintendency of Insurance of Santo Domingo granted Ruth Soto Báez, the CEO of ICMIF member COOPSEGUROS, the only cooperative insurance company in the Dominican Republic, with a plaque in recognition for her dedication to service, empowerment of women and contribution to the insurance sector. Ruth Soto expressed her gratitude to COOPSEGUROS […]
In June of this year, the Board of Directors of both Canadian ICMIF member Halwell Mutual Insurance Company and of Dumfries Mutual Insurance Company announced a unanimous agreement to amalgamate effective 1 January 2024, subject to regulatory approval and approval by the members of the two mutual organisations. In a joint statement the two companies […]
According to Swedish ICMIF member Folksam, Storm Hans is just one in a long line of events that have caused climate-related damage. Damage that occurs more and more often in Sweden, for example in hurricane Gudrun in 2005, the floods in Malmö in 2014, Storm Alfrida in 2019 and the floods in Gävle in 2021. […]
Today, Danish ICMIF member Sygeforsikringen “danmark” has launched a phone helpline for young people called “Ungelinjen” which literally translates as young persons’ line. Ungelinjen is an offer of a free consultation with a psychologist to Sygeforsikringen “denmark”s young members between the ages of 16 and 25. It is a collaboration with the psychology company Encounter, which […]
Earlier this month, the Mutual Value Lab – a research partnership between Australian ICMIF member the BCCM and Monash University to measure the value that cooperatives and mutuals create for their members and communities – was officially launched in Melbourne (Australia). The lab is the latest addition to the Monash Business School’s pioneering Impact Labs, […]
Danish ICMIF member LB Forsikring has announced that it is now ready to start inviting its members to download and use its new driving app Bilist+ (Motorist+ in English) that aims to prevent car accidents and car damage claims for the benefit of the individual member and the wider community. The new app also supports […]
The NFU Mutual Charitable Trust has announced its first round of donations for 2023, totalling more than GBP 450,000 and giving support to 15 rural causes across the UK. The NFU Mutual Charitable Trust is an independent charity set up by ICMIF member NFU Mutual in 1998 to support other charities and organisations working in […]
Despite operating in extremely challenging conditions, with persistent and elevated claims activity, the global reinsurance segment still returned an underwriting profit in 2022, according to a new report from ICMIF Supporting Member AM Best. The Best’s Market Segment Report, Global Reinsurers Face Challenges Even as Conditions Improve, is part of AM Best’s look at the […]