From the beginning of this year, Swedish ICMIF member Folksam has entered partnerships with two national sporting associations – the Swedish Volleyball Federation and the Swedish Tennis Federation. From 1 January 2023, Folksam and the Swedish Volleyball Federation entered into a partnership that will see over 11,000 licensed players and children up to the age […]
Sri Lankan ICMIF member Sanasa Insurance Company is taking part in a pilot programme to provide innovative insurance policies for farmers whose crops and property are often trampled by elephants. Elephants can stray onto farms and cause a lot of damage to crops and vegetation, which may also exacerbate any existing drought conditions. Human-wildlife conflict […]
Members of Danish ICMIF member GF Forsikring, of which there are over 340,000, will have a good start to the new year. With more than DKK 260 million, the distribution of profits from GF Forsikring will ensure that the prices of members’ insurance policies do not skyrocket this year. “We have balanced the books, and […]
Based on its vision Sustainable Living Together, ICMIF member Achmea (Netherlands) invests in a socially responsible way with respect for the world and for future generations. By integrating ESG criteria into the cooperative insurer’s investment process, Achmea believes it can create more long-term value for its clients, employees, the company and society. From 1 January […]
Canadian ICMIF member Halwell Mutual Insurance Company and Applied Systems® have announced a partnership to enable real-time commercial lines quoting. The use of CSIO commercial lines data standards and question sets and Applied’s commercial quoting capabilities will ensure that Halwell’s coverage offering shows up at the point of quote and enables Hallwell’s broker partners to […]
Due to climate change and the biodiversity crisis, French ICMIF member MAIF has announced that from now on, 10% of its annual profits will be allocated to climate solidarity and biodiversity regeneration projects. MAIF has been what is known in France as a “société à mission” (a company with a mission) since 2020, says it […]
In December 2022, a new mutual insurer, MIRIS, announced that it had obtained its Insurance Operating Licence. MIRIS was first conceived in June 2021 and commenced operations as of 1 January 2023. The objective of MIRIS is to provide additional cyber insurance capacity for its members, integrating and enhancing the capacity given by the insurance […]
According to the latest Gallagher Re 1st View, detailing the 1 January 2023 renewal season, the market faced a very late, complex, and in many cases frustrating, 1 January renewals. According to ICMIF Supporting Member Gallagher Re, two areas stood out as the most challenging: peak-zone US property catastrophe capacity and coverage for strikes, riots […]
January 1 renewals are proving to be one of the most challenging reinsurance markets the sector has experienced, as reinsurers and cedents work to establish a new market equilibrium, according to ICMIF Supporting Member Guy Carpenter, a leading global risk and reinsurance specialist. In a renewal season that was extremely late, ultimately, placements were largely […]
The need to adapt to climate change is growing, which often means adapting at a regional level, especially for municipalities, cities and many companies. This is why Finnish ICMIF member LähiTapiola (LocalTapiola) has donated EUR 310,000 to fund a research project by the by the Finnish Meteorological Institute (Ilmatieteen laitos) to enable more accurate, regional […]