Inflation continues to be the key concern for insurers according to Swiss Re Institute’s latest sigma report published today (17 November 2022). The effect of inflation on the global economy has led to total global insurance premium falling slightly by an estimated 0.2% in real terms in 2022. Looking forward, Swiss Re Institute expects the […]
ICMIF member Simplyhealth (UK) has announced the launch of its Venture Capital fund, ‘Simplyhealth Ventures’ this week. Over the next few years, the fund will invest GBP 60 million in UK-focused, early-stage healthcare businesses to accelerate the development and adoption of predictive and preventative healthcare solutions. These investments will support Simplyhealth’s overriding purpose to improve […]
Last week, Forbes magazine published a list of the world’s 400 most female-friendly companies, which features four ICMIF members. The members in the list are French mutual insurer MAIF which is in third position, closely followed by the Desjardins Group (Canada) in fourth place. Also included in the list are the Unipol Group in Italy […]
Italian ICMIF member UnipolSai has launched WelBee, a company wholly owned by the insurance company, with the aim of marketing flexible benefits through a proprietary platform that directly uses the catalogue of services and products of Tantosvago Srl, 75% of which UnipolSai acquired last July. The benefits will be marketed through different channels including: direct […]
ICMIF Supporting Member Aviva Investors, the asset manager of Aviva plc (‘Aviva’), has called for the creation of a global transition plan for finance at a new Bretton Woods conference in 2024 to reform the global financial architecture and mobilise private capital to avert a climatic catastrophe. Failure to do so would have unprecedented environmental, […]
French ICMIF member the Aéma Groupe announced last month that it has officially joined the UN-convened Net-Zero Asset Owner Alliance (NZAOA); the Finance for Biodiversity Pledge (FFBP) initiative; and the Principles for Responsible Investment (PRI). These new commitments will help the Aéma Groupe reinforce its climate strategy through these strong and ambitious environmental commitments and […]
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 […]