Latest News

Monday, 30 September 2019

The Movement for Good awards, set up by specialist insurer and ICMIF member Ecclesiastical (UK), have seen a total of £1million given to charities across Great Britain this summer. Five hundred charities have already been awarded donations of £1,000 and now 10 charitable organisations will benefit from £50,000 grants.

Each of the £50,000 awards are designed to help charities take innovative projects to the next level in the fields of education, skills, arts, culture and heritage, as well as citizenship or community development. Full list of charities provided below.

In total, 98,000 people supported the Movement for Good...

Friday, 27 September 2019

Earlier this year, ICMIF shared a news story following the announcement that a group of leading US CFOs were launching the first US Chapter of the global A4S Chief Financial Leadership Network. This prestigious group includes Warren Zaccaro, CFO of ICMIF member Securian Financial. On Thursday 26 September, the the US East Coast Chapter of the A4S CFO Leadership Network celebrated its official launch with the ringing of the bell at the New York Stock Exchange with Warren attending the ceremony.

Established by the Prince's Accounting for Sustainability Project (A4S), a nonprofit founded by HRH The Prince of Wales in 2004, this...

Friday, 27 September 2019

Folksam and Swiss Re are founding members of new UN-backed asset owner alliance to drive portfolio companies to carbon neutrality by 2050

In one of the boldest actions yet by the world’s largest investors to decarbonize the global economy, an alliance of the world’s largest pension funds and insurers including ICMIF members Folksam and Swiss Re – responsible for directing more than US$ 2.4 trillion in investments – has this week committed to carbon-neutral investment portfolios by 2050.

This commitment by the newly launched, United Nations-convened Net-Zero Asset Owner Alliance was announced on 23 September 2019 at the UN...

Monday, 23 September 2019

The United Nations, Germany, the UK and the insurance industry yesterday (22 September 2019) announced a series of coordinated commitments aimed at increasing climate change resilience for the most vulnerable countries, on the eve of the UN Secretary General’s Climate Summit.

The organizations teaming up to make these commitments are the United Nations Development Program (UNDP), the German Federal Ministry for Economic Cooperation and Development (BMZ), the U.K. Department for International Development (DfID) and the Insurance Development Forum (IDF). Key delivery partnerships will build upon the already existing working-groups...

Friday, 20 September 2019

ICMIF member Swiss Mobiliar and Garaio REM, a leader in property management software, are teaming up to jointly launch a new portal for tenants and estate agents in Switzerland.

One in three Swiss households is insured by Mobiliar. To offer even more comprehensive support to its clients, Swiss Mobiliar is working to grow its position in the housing segment. It has this month announced the launch of the “aroov” renters’ portal in collaboration with Garaio REM, a property management software company in which it has a minority stake.

Digital access to real estate management

The aroov digital platform gives tenants direct...

Wednesday, 11 September 2019

Global reinsurers continue to look to Latin America for diversification, even though the natural catastrophe-prone region has not seen any significant market-hardening events since 2013, according to a new report from ICMIF Supporting Member AM Best. As a result, the reinsurance market in Latin America remains soft.

AM Best believes that the strengthening of the regulatory frameworks in some Latin America countries could lead to market consolidation and increase overall demand for reinsurance. Lower interest rates and protectionism, however, could limit those prospects, according to the report.

The new Best’s Market...

Wednesday, 11 September 2019

The Latin American Association for Reinsurance Education (also known as the LARG Group) is a group of mutual/cooperative insurers from Latin America. All these companies are members of the International Cooperative and Mutual Insurance Federation (ICMIF). The LARG concept was originally set up in 2004 by five ICMIF member organizations in order to purchase reinsurance collectively and the group has grown steadily since and now includes 14 member organizations.

The Annual Meeting of the Latin American Reinsurance Group (LARG) will take place next week, from 17-20 September, in Medellín (Colombia) with ICMIF member company La...

Monday, 09 September 2019

In a press release issued yesterday at the Rendez-Vous de Septembre in Monte Carlo, ICMIF Supporting Member Swiss Re announced that it expects further rate increases for loss-affected and underperforming businesses and broadly stable rates in other areas, amid continued capital abundance in the reinsurance market. To ensure a long-term sustainable reinsurance market, further rate increases are needed said the reinsurer. The hurricane season that is now upon us highlights the importance of having prices that adequately reflect the risks.

The release states that fast-paced change is creating both challenges and opportunities for the...

Friday, 06 September 2019

The International Cooperative and Mutual Insurance Federation (ICMIF) has confirmed that the second keynote speaker for the ICMIF Biennial Conference (12-15 November 2019) is Ian Taylor. Ian has been described as an ''exemplar of innovation in New Zealand''. The entrepreneur was awarded the 2019 New Zealand Innovator of the Year at the annual New Zealander of the Year Awards, which recognises inspiring Kiwis whose game-changing discoveries, research or inventions are driving society forward.

Back to the future

As the world changes ever faster, so it becomes increasingly difficult for organisations and their leaders to...

Friday, 06 September 2019

Every other year the ICMIF Asia and Oceania Association (AOA) organizes a Members’ Study Group Visit, one of the Association’s most important events. This time for 2019, the AOA Study Group visited NTUC Income (hereinafter referred to as “Income”), a Singaporean member organization and it was the fourth Members’ Study Group Visit.

Excluding attendees from Income, the host organization, a total of 42 people from 15 organizations in five countries participated as shown in the table of “Organizations attended” on the AOA website. This number was the highest compared to the visits in the past. By country, the Philippines was the...