Starting in May 2023, Swedish ICMIF member Folksam will distribute SEK 1 billion (USD 94.2 million) to more than 2.1 million of its customers in the form of rebates. The size of the rebate is intended to support Folksam’s customers in turbulent times, but, the company says, it is also a testament to Folksam’s strong […]
Research by the International Cooperative and Mutual Insurance Federation (ICMIF), based on data taken from members’ latest financial reports, has revealed a record total premium income of USD 249 billion across the membership, according to the latest edition of the ICMIF Members: Key Statistics report. The report provides analysis of the collective performance of the […]
Grupo San Cristóbal (Argentina) has presented its first corporate bond to the capital market, a financial instrument for SMEs that allows San Cristóbal Servicios Financieros’ clients to continue with their development, work and investment plans. Bonds are an attractive, low-risk modality that maximises economic returns. They bring investors closer to the businessmen and entrepreneurs who […]
ICMIF member MAS has joined the Trees That Count movement to help create a healthier future for Aotearoa New Zealand. For each new Professional Life Plan policy or new Income Security policy purchased between 1 February to 30 April 2023, MAS will fund a native tree on the member’s behalf. Environmental factors like air pollution, […]
In the new Natural Catastrophe Report 2022 from ICMIF Supporting Member Gallagher Re, readers will find a summary of the major catastrophe events that occurred in each region around the globe in 2022, detailing the financial loss, fatalities and other major considerations. Throughout 2022, the world saw another year of impactful natural catastrophe events that […]
Brazilian ICMIF member Seguros Unimed, has been investing more in its technology and the implementation of systems and tools that contribute to supporting sales whilst also ensuring greater sustainability for the business. The cooperative insurer has just announced the launch of the platform “Acelera”, which is focused on sales of health insurance to small and […]
French ICMIF member MAIF has expanded its collaboration with Zelros, an artificial intelligence (AI) solution specialising in customer relations as part of a continuous effort to improve the effectiveness of advisors and the satisfaction of its members. The two companies say the aim of this partnership is to explore all the possibilities offered by AI […]
The Net-Zero Insurance Alliance (NZIA), an alliance between the international insurance industry and the United Nations, last week launched its first Target-Setting Protocol during the annual meeting of the World Economic Forum. ICMIF member Achmea (Netherlands), as one of the member insurers, subscribes to the Target Setting Protocol and has said it will use it […]
At the end of last year, ICMIF members Gore Mutual and Portage Mutual were recognised among the best insurance carriers in Canada, achieving a 5-Star rating across multiple categories, in Insurance Business Canada’s seventh annual broker survey. Each year, Insurance Business Canada asks hundreds of insurance brokers from across the country how well insurance companies […]
ICMIF member NFU Mutual (UK) has announced it will be donating GBP 3.25m of funding for local and national charities in 2023. The funding will support communities across the UK and assist those facing the cost-of-living crisis. NFU Mutual says it will continue to support national and regional charities and has pledged a further GBP […]