Insurance industry losses from natural catastrophes and man-made disasters globally amounted to USD 83 billion in 2020, according to preliminary estimates from ICMIF Supporting Member Swiss Re. This makes it the fifth-costliest year for the industry since 1970. Losses were driven by a record number of severe convective storms (thunderstorms with tornadoes, floods and hail) […]
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This year, Danish ICMIF member LB Forsikring will pay out DKK 148 million as a loyalty discount to its members. This brings the total payment in yearly discounts to more than DKK 1.1 billion over the course of the last decade. A decade which has also seen uninterrupted membership growth for the insurance company. This will come as something of an early Christmas present on 21 December […]
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The new Marketing mutuality case studies report from ICMIF examines the ways in which a variety of ICMIF members, all of which are outperforming in their national markets, have identified what it is about their mutual/cooperative difference that is valuable to their members and then gone on to market this in different ways. In some cases, we have reviewed past and current campaigns in a bid […]
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UK-based ICMIF member NFU Mutual and The Tourism Network, a hospitality advice service, have announced a new partnership. In a joint press release, the two organisations say they believe that the UK-wide affiliation will enable The Tourism Network to bring a greater level of specialist advice to its members and to NFU Mutual’s customers in the tourism and hospitality sectors, through the availability […]
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Australian ICMIF member RAC has welcomed recent statements by the State Government and State Opposition which support more sustainable transport in Western Australia (WA). At the end of November, the WA Government announced a new Electric Vehicle Strategy and AUD 21 million Electric Vehicle Fund. RAC General Manager Corporate Affairs Will Golsby expressed support for the Strategy saying it was an important step toward accelerating the uptake of electric vehicles […]
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ICMIF member Länsförsäkringar (Sweden) has been pursuing a climate-smart vision since 2019, with the long-term aim of managing climate risks and adapting investments to the climate targets of The Paris Agreement. Last month, Länsförsäkringar made further steps towards this: launching a new climate-orientated fund and announcing new climate-related exclusion criteria for investments in companies that […]
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Last week, Beneva was officially unveiled as the new name for the largest insurance mutual in Canada created through the merger of La Capitale and SSQ Insurance. Proud of its new branding, identity and its values, Beneva is confident that a more caring approach will resonate with Canadians across the country. More than 75 years […]
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New Zealand ICMIF member FMG has been awarded the 2020 Consumer NZ People’s Choice Award for House, Car and Contents’ insurance. FMG’s Chief Client Officer, Andrea Brunner says the FMG team are extremely proud at being recognised by those people who participated in the 2020 Consumer NZ survey, particularly given the challenges faced this year. […]
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In a year that has been profoundly affected by the pandemic and as everyone is still involved in fighting the virus, ICMIF member Unipol (Italy) has decided to make a further contribution to support its 10 million customers, offering free UniSalute healthcare cover to deal with the possible consequences of Covid-19. This significant undertaking is […]
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French ICMIF member MAIF says it recognises that customer behaviour is constantly changing and therefore the mutual insurer is also adapting and pursuing a strategy of diversifying its offer. Altima, MAIF Group’s innovation laboratory, has been busy this year developing the “Unique Insurance” (l’Assurance Unique”) product, which it says will be a disruptive and unprecedented offer on the market, bringing simplicity, confidence and peace of mind for member policyholders. Simplicity and readability through an “all […]
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