Latest news from the sector

Read and share inspirational stories collected from across the ICMIF membership.

On-demand rental car insurance launched by LB Forsikring

Danish ICMIF member LB Forsikring has launched an insurance policy which would cover all types of car rentals in Denmark, whether it is an electric car rented on an hourly basis or a car rented for several days. The product also covers car sharing schemes. Whilst car insurance targeted at people who do not own […]

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Unipol ranked leader for reputation in the Italian insurance and banking sectors for fourth year

For the fourth year running, Italian ICMIF member Unipol Group confirmed its first-place position for reputation in the insurance and banking sectors. The 2020 rankings by The RepTrak Company, a global leader in measuring and managing corporate reputation, measured the perceptions of multiple stakeholders of the reputation of about 400 financial services companies operating in […]

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Seguros Rivadavia launches new range of insurance cover products for bicycles

To respond to a constantly evolving market and the demands of its customers and brokers, Argentinian ICMIF member Seguros Rivadavia has launched an impressive range of insurance products with different levels of cover designed to respond to the needs of bicycle users. The new range of products will be actively marketed throughout Argentina. These new […]

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Prudence and replenished capital drive June & July renewals: Willis Re 1st View

Insurers were able to secure sufficient reinsurance capacity at the 1 July and 1 June renewals supported by adequate reinsurance capital. The remarkable recovery in investment markets allied with investors’ appetite to support additional capital and debt offerings and reinsurers own prudent risk and cost management has seen capital levels return to being only 5% […]

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Best’s Special Report: Stress testing of AM Best-rated insurance companies indicates most can withstand pandemic

According to a recent Best’s Special Report, Stress Testing Rated Companies for COVID-19 published by ICMIF Supporting Member AM Best in May 2020, initial stress testing conducted by the rating agency to gauge the preliminary impact from the COVID-19 pandemic on its rated insurance companies’ financial strength found that most insurers’ capital levels provided an […]

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Savings-linked solutions in the Philippines as ICMIF member CLIMBS partners with ILO on impact insurance project

The Philippines experiences about 20 typhoons every year. The island of Mindanao is home to Oro Integrated Cooperative (OIC) and Nabunturan Integrated Cooperative (NICO), two savings and credit cooperatives that are currently partnering with local ICMIF member CLIMBS Life and General Insurance Cooperative (CLIMBS) and the International Labour Organisation (ILO) to support an ILO project […]

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A4S shares new sources of learning for finance leaders to further understanding of role of finance in creating resilient business models and a sustainable economy

The Prince’s Accounting for Sustainability Project (A4S) was established by The Prince of Wales in 2004 with the aim of inspiring action by finance leaders to drive a fundamental shift towards resilient business models and a sustainable economy. The organisation has three core aims: Inspire finance leaders to adopt sustainable and resilient business models Transform […]

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ICMIF/Americas launches a Sustainability Working Group with a focus on the UN Sustainable Development Goals

Sustainability and the United Nations (UN) Sustainable Development Goals (SDGs) are the focus of a new ICMIF/Americas Working Group which was launched on 16 June 2020. The Working Group’s members currently consists of 18 executives from 14 ICMIF member companies, based in countries ranging from Central America to Argentina.  Defined by the United Nations as […]

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International Day of Cooperatives 2020: Cooperatives for Climate Action

The International Day of Cooperatives 2020 will be celebrated on Saturday 4 July with the theme this year of Cooperatives for Climate Action. The International Cooperative Alliance (ICA) and other cooperative bodies including ICMIF are inviting the global cooperative and mutual community to continue pushing for actions that will address climate change. This critical situation […]

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The Co-operators provides COVID-19 relief funding to Canadian cooperatives

In support of Canada’s cooperative sector, ICMIF member The Co-operators has announced a CAD 200,000 COVID-19 Cooperative Assistance Fund to provide provincial cooperative associations with access to financial support (to a maximum of CAD 20,000 each). The fund will enable cooperative associations to support their members and small cooperatives in the wake of the pandemic. […]

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