ICMIF member, World Council of Credit Unions (WOCCU) has launched a new initiative that allows credit unions in emerging markets to test innovative digital products and solutions that could benefit members and attract new customers. WOCCU says this is the boldest step put forth yet to achieve its Challenge 2025 goals. Introduced in Latin America, […]
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South African ICMIF member African Risk Capacity Limited (ARC Ltd.) and the United States Government (USG) have announced a landmark USD 11.7 million partnership to safeguard food security and strengthen climate resilience in Africa by increasing access to parametric insurance. The project aims to protect vulnerable smallholder farmers facing increasing climate change-related disasters while assisting […]
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In a significant stride towards reshaping the economic landscape, Coop Exchange, a visionary fintech platform, has today announced the successful completion of its pre-seed funding round. This significant milestone underscores Coop Exchange’s potential as a major disruptor in cooperative and sustainable finance as evidenced by its impressive GBP 10 million valuation at this early stage. […]
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Earlier this year, Swedish ICMIF member Länsförsäkringar launched a new marketing campaign known as All the Promises of Life. This is a new campaign under the brand concept For all time. “The aim is to increase awareness for us as a security provider in general. We are not only an insurance company, but also a […]
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The A4S Academy, offered by ICMIF’s partner organisation Accounting for Sustainability (A4S), is an 18 month online learning and implementation programme for senior finance leaders to enable them to embed sustainability. The programme empowers and equips finance teams with the skills needed for their businesses to succeed in the face of environmental and social risks […]
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During 2023, the claims team at ICMIF member Ecclesiastical Insurance (UK) detected over 230 cases of fraudulent activity. This included: cases of claims submitted for alleged slips, trips and falls on premises ranging from hotels, educational settings and heritage properties, which were proven false following investigation. Last year brought record levels of fraudulent claims, exceeding […]
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Japanese ICMIF members Kokumin Kyosai co-op and CO-OP Kyosai are cooperatives which were established under the Consumer Cooperative Act, approved by the Ministry of Health, Labour and Welfare, and engaged in cooperative insurance operations, working together to address community challenges towards safe and affluent society. Kokumin Kyosai co-op offers automobile insurance, known as My Car […]
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Registration is now open for the 2024 ICMIF Biennial Conference, which will take place from 12-15 November 2024 in Buenos Aires (Argentina), hosted by ICMIF members the Argentinean Association of Cooperative and Mutual Insurers (AACMS) and the Association of Insurers of the Interior of the Argentine Republic (ADIRA). The ICMIF Biennial Conference is the premier […]
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ICMIF Supporting Member Guy Carpenter, a global risk and reinsurance specialist and a business of Marsh McLennan, has announced the creation of its new cyber reinsurance product, CatStop+. The first transaction under CatStop+ was completed during the 1 January 2024 renewal period. According to Guy Carpenter, the product’s innovative approach blends low-attaching cyber event cover […]
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ICMIF member and health solutions provider Simplyhealth has announced that it is the first Salesforce customer in the world to reply to email enquiries with a knowledge GPT enabled response. The mutual healthcare provider says it is now using Salesforce Einstein, Service Cloud and Sales Cloud to power productivity across its business through AI-powered customer […]
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