Japanese ICMIF member, Zenkyoren (National Mutual Insurance Federation of Agricultural Cooperatives, President: Fumio Yanai), has announced that it has invested in the first “Nutrition Bond” issued by Corporacion Andina de Fomento (CAF), an international development bank which was established under an international agreement with various countries in Latin America. Zenkyoren says it is making this […]
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Furthering their commitment to secure a sustainable future, ICMIF member Securian Financial (USA) and its subsidiary, Securian Asset Management, have signed the United Nations-supported Principles for Responsible Investment (PRI). PRI signatories are committed to including environmental, social and governance (ESG) factors in their investment decision making and ownership. More than 4,000 organisations worldwide—including 700 US […]
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Over the next three years, cooperative insurer and ICMIF member Achmea (the Netherlands) will be planting about one million trees as a further step on its path to fully climate-neutral business operations by 2030. Working with Land Life Company, Achmea has started a multi-year reforestation programme which it says will offset the CO₂ emissions of […]
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Global reinsurers performed well in the first half of 2021, with a further expansion of their capital bases and strong headline underwriting results and ROEs. Underlying ROEs, while less strong, were nonetheless noticeably improved, according to the latest Reinsurance Market Report from ICMIF Supporting Member Willis Re. Total capital dedicated to the global reinsurance industry […]
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Ahead of the Rendez-Vous de Septembre 2021, ICMIF’s Supporting Member Swiss Re has shared its view on the state of the market and possible implications for the renewals season. A key discussion point for re/insurers in the current environment will be heightened risks, driven by longer-term trends and their implications. Swiss Re says it expects […]
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Earlier this year, the ICMIF Foundation launched an appeal to ICMIF members asking them to support ICMIF member and ICMIF Foundation project partner the DHAN Foundation in its work supporting low-income communities in India during the Covid-19 pandemic. Since the launch of the appeal a number of member organisations have donated money to support the […]
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Mutual insurers can differentiate through purpose-led strategies, member centricity, value creation and social responsibility says a new report from ICMIF Supporting Member EY. Following a review of the global mutual insurance market, the EY global insurance mutual market scan reveals what sets mutual and cooperative insurers apart from stock carriers. EY’s scan found that mutual […]
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Australian ICMIF member RAC and the City of South Perth have been celebrating the success of Australia’s first and longest-running public trial of driverless vehicles, with 31 August 2021 marking five years since the RAC Intellibus® started carrying passengers on public roads. On 31 August 2016, with support from the State Government and City of […]
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German ICMIF member R+V Versicherung has received the prestigious Marken Award 2021 brand award for the best brand relaunch in 2021 for its “You are not alone” campaign. With its stance “Against egoism; for the community” and the claim “You are not alone”, the jury for the awards felt that R+V Versicherung had successfully repositioned […]
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Sontiq, the provider of Intelligent Identity Security, has announced it was named the winner of a Gold Stevie Award in the International Expansion category of the 18th Annual International Business Awards (IBAs). The International Business Awards are the world’s premier business awards programme and this prestigious honour recognises the strength of Sontiq’s international expansion through […]
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