African Risk Capacity is the first African company to join UN-convened Net-Zero Asset Owner Alliance
ICMIF member African Risk Capacity (ARC) Limited is the first African company to join the UN-convened Net-Zero Asset Owner Alliance. The Net-Zero Asset Owner Alliance was established in 2019 by eight of the world’s leading insurers and reinsurers and is a historic commitment to transition insurance portfolios to net-zero greenhouse gas (GHG) emissions by 2050. […]
Swedish ICMIF member Länsförsäkringar has announced that its investments in green, social and thematic (“sustainability-oriented”) bonds, on behalf of customers, will reach more than SEK 20 billion in the third quarter of 2021. Since the beginning of 2018, the mutual insurer says that investments have increased tenfold and now correspond to more than 16 percent […]
The Chair of the International Cooperative and Mutual Insurance Federation (ICMIF) will reveal later today during a high-level UN panel discussion as part of the 76th President of the United Nations (UN) General Assembly, how the Federation’s members are collectively investing some USD 570 billion in responsible investments, such as green bonds, social bonds and […]
ICMIF member IPB, Irelands only non-life mutual and the largest liability insurer in the state, has announced that its strategy to do business responsibly and sustainably has been formally evaluated by S&P Global Ratings. Assessed across Environmental, Social and Governance (ESG) dimensions of S&P Global Ratings’ assessment, IPB received a score of 73 out of […]
Canadian ICMIF member Red River Mutual has announced more winners of its community sponsorship programme, Spruce Up Your Story, designed to save and protect beloved spaces at the heart of the communities it serves — spaces that encourage togetherness, sustainability, volunteerism, and that have a connection with its broker partners and community members. From over […]
After adopting a proactive climate strategy for its investments in 2020, including a total exit from coal by 2030, French ICMIF member MAIF is extending its exclusion strategy to non-conventional fossil fuels and oil. The French mutual is also committing to join the UN-convened Net Zero Asset Owner Alliance, in order to contribute to achieving […]
Last week, Folksam Liv (Life) announced it would be sending out a refund notice to just over 900,000 customers who will each receive a share of SEK 854 million (USD 99 million). The refund is being paid to customers who, on 31 December 2020, had certain voluntary group life or group health insurance. As a […]
ICMIF member Simplyhealth (UK), a leading health solutions company has donated more than GBP 140,000 to Sported, a national charity which supports almost 2,700 community sport and youth groups across the UK. The substantial funding has helped 50 groups in the Sported network affected by the pandemic to continue to provide vital services to those […]
French ICMIF member MAIF has joined forces with Ulule, a crowdfunding platform for entrepreneurs, to launch Bien ou Bien, a marketplace selling a wide range of products including fashion, beauty products and childcare. MAIF and Ulule launched BienouBien.com (Good or Good) last month. It is an e-commerce platform which aims to offer an alternative solution […]
Earlier this year, Kenyan ICMIF member, The CIC Group, launched a claims self-service provider portal for garages and assessors to increase efficiency in the claims reconciliation process. The portal operates 24 hours a day, 7 days a week, under the General Business unit and will serve garage owners, assessors, investigators, and adjusters. Speaking during the […]