ICMIF Supporting Member Guy Carpenter, has today announced the launch of MetaRisk® Live, a new tool that supports the structuring and optimisation of reinsurance strategies in real time. MetaRisk Live enables clients to evaluate instantly the impact of changes to their reinsurance structure, creating a dynamic process that supports a better understanding of buying decisions. Leveraging the power of Guy Carpenter’s […]
Due in part to the lack of loss experience in the cyber market and in-depth understanding of cyber threat and behaviour, many cyber catastrophe models are still in their infancy. However, the choice of some market leading companies to incorporate the outputs into their capital modelling means that the market is entering a period of […]
Singaporean ICMIF member Income Insurance Ltd (Income) announced this week the launch of its micro-insurance franchise model on the company’s Insurance-as-a-Service (IaaS) platform, HIVE by Income, as it expands its footprint beyond Southeast Asia to Japan. ReMark, the digital solutions provider of global reinsurer, SCOR, is the first international partner to adopt Income’s micro-insurance franchise […]
ICMIF Supporting Member AM Best will host its Europe Insurance Market & Methodology Briefings next week (Wednesday 9 November 2022) as an in-person event in London; and have just announced that attendees can now join virtually as it announces a hybrid format for the market and methodology briefing. Details of how to register for the […]
UK ICMIF member OneFamily has announced that it will be acquiring Beagle Street by the end of the year, in a deal that will see the mutual expanding its product range and the support it can give to its members. Beagle Street, part of BGL Insurance, specialises in affordable, simple to purchase life and critical […]
At the end of last month, Co-op Insurance, one of UK’s leading provider of home insurance, announced that it will be one of the first three participating insurers for the new Amazon Insurance Store. By the end of the year, customers will be able to purchase Co-op Insurance policies on amazon.co.uk alongside products they may […]
ICMIF members Halwell Mutual and The Commonwell Mutual were recently certified among the best workplaces in the Canadian insurance and financial service industry by Great Place to Work®, a global authority on workplace culture. The 2022 list of Best Workplaces™ in Financial Services and Insurance is based on direct feedback from employees of the hundreds […]
This week, at its Centenary Conference being held in Rome (Italy), ICMIF launched the ICMIF Resiliency Benchmark which builds on the work set out from the Federation’s partnership with the United Nations Office for Disaster Risk Reduction (UNDRR) to embed disaster risk reduction (DRR) in mutual and cooperative insurance. In November 2019, the International Cooperative […]
Today, at its Centenary Conference being held in Rome (Italy), ICMIF has launched the ICMIF-calibrated Insurance SDG Calculator, the first tool to measure insurance sustainability impact against the Insurance Sustainable Development Goals (iSDGs). Swiss Re Institute developed the underlying tool under the UN Principles for Sustainable Insurance (UN PSI) iSDG initiative, focused on developing insurance-relevant […]
UK ICMIF member VDS announced that GBP 600,000 in return of premium will be shared between eligible members who apply to renew their VDS Practice policy for 2023 by the end of December 2022 and this year will once again be given as a discount against the 2023 renewal premium. Reflecting VDS’s mutual model, a […]