ICMIF’s latest member, investment, protection and retirement specialist LV= (UK), paid individual protection claims totalling GBP 127m during 2022. LV= supported more than 8,000 claimants and their families paying 95% of all individual protection claims including life, critical illness and income protection. About the claims LV= paid out more than GBP 28m in Critical Illness […]
UK ICMIF member, the Association of Financial Mutuals (AFM), has reported that its members that offer income protection products paid out GBP 52 million in claims in 2022, to over 9,000 customers. This compares to GBP 34 million in claims in 2021. Much of the increase reflects the fact that LV= has since joined AFM […]
Benefact Group, which owns UK-based ICMIF member Ecclesiastical Insurance, has launched its first electric car scheme as part of its ambitious plans to reduce its carbon emissions and reach net zero by 2040. The salary sacrifice scheme allows colleagues to lease an electric car of their choice, helping to reduce their carbon emissions. To help […]
ICMIF member Thrivent (USA), announced this week it has crossed a significant generosity milestone, successfully raising USD 1 billion in funds for communities across the country through one million client-led volunteer teams, also known as Thrivent Action Teams. Over 90 million hours of community service have been contributed since the programme commenced. Thrivent Action Teams […]
Yesterday, 18 April 2023, the United Nations adopted the first-ever Resolution on promoting the social and solidarity economy for sustainable development during its General Assembly. The resolution includes a definition of the social and solidarity economy (SSE) as “enterprises, organisations and other entities engaged in economic, social and environmental activities which serve the collective and/or […]
Canadian ICMIF member Beneva, along with SSQ and La Capitale mutuals, has announced a pledge of a yearly amount of CAD 300,000 for 2023 and 2024 to SOCODEVI. In addition to supporting SOCODEVI’s mission, which is to concretely and sustainably improve living conditions in developing nations, Beneva says its aim is for this money to […]
ICMIF member African Risk Capacity Limited (ARC Ltd, South Africa) has appointed one of ICMIF’s Supporting Members, Gallagher Re, the global reinsurance broking and advisory firm, as its reinsurance broker and risk advisor. ARC Ltd is a specialist insurance company which provides parametric insurance cover to African countries against climate and disaster risk. Speaking about […]
Sustainable action is a matter of course for German ICMIF member R+V Versicherung. The cooperative insurer has announced this week that it has joined the Net-Zero Asset Owner Alliance – a global alliance of the some of the largest pension funds and insurers which are committed to a climate-neutral investment policy. R+V says its responsible […]
French ICMIF member MAIF and its subsidiaries MAIF Solutions financières, Altima Assurances, SMACL Assurances and MAIF VIE, have created national support framework agreements with the French Ministry of the Interior and Overseas Territories to encourage the mobilisation of salaried volunteer firefighters, and to ease the conditions for employees across the mutual organisations to take up […]
ICMIF member FMG (Farmers Mutual Group), has been busy settling claims and making emergency payments following the recent extreme weather conditions experienced in New Zealand. FMG’s CEO Adam Heath (pictured) has been reassuring members and clients that the mutual insurer can handle the aftermath of Cyclone Gabrielle and the wider North Island storms. Speaking last […]