Latest News

Monday, 03 September 2018

Tuesday 25 September 2018, 3.00pm – 4.00pm BST/UK time

As the millennial generation continues to enter the global workforce in vast numbers, many ICMIF member companies are looking at ways in which they can better engage with this growing cohort of employees; and how to develop and retain the best young talent to ensure that they are part of the future success of the organisation.

ICMIF is pleased to announce a second Young Leaders webinar which will examine the above topic. In the webinar participants will hear two young leaders discussing how their mutual/cooperative insurance companies have designed internal professional...

Thursday, 30 August 2018

In this A.M.BestTV episode, Catherine Thomas, Senior Director of Analytics at ICMIF Supporting Member A.M. Best, said insurers are creating subsidiaries, building new relationships and transferring liabilities in an effort to prepare for possible outcomes depending on how Brexit proceeds. Click here to watch the entire programme. Thomas addressed how companies are handling Brexit. “Over the past year, in the absence of any real clarity as to what a future trade deal will look like between the United Kingdom and the European Union, U.K. insurers are really accelerating their plans to establish additional subsidiaries in the other EU...

Tuesday, 28 August 2018

A new study has revealed that ICMIF member RAC WA is Australia’s Most Recommended Brand in property insurance for 2018.

The 2018 Property Insurance Consumer Recommendation and Loyalty Study, conducted by Australian business consultancy Engaged Strategy, surveyed over 1,600 Australian property insurance customers using advanced Brand and Customer Experience metrics, including the popular Net Promoter Score. 

The property insurance study found that RAC WA achieved a Net Promoter Score of positive 37 per cent, which was considerably higher than the category average of positive 6 per cent, and far exceeded the lowest...

Thursday, 23 August 2018

ICMIF Supporting Member A.M. Best will be hosting a webinar on Thursday 6 September during which a panel of industry executives and analysts will review the state of the reinsurance markets. This complimentary webinar will be held on Thursday 6 September 2018, at 10 a.m. (EDT).

Registration is now open at www.ambest.com/webinars/global18. All ICMIF members are invited to register for the webinar.

 

 

Panellists will discuss:

Trends in pricing and availability; The role of third-party capital; The outlook for mergers and acquisitions; and Regulatory developments and more.

The panellists are:...

Wednesday, 22 August 2018

South African ICMIF member AVBOB Mutual Assurance Society has this month celebrated its 100 year anniversary. To celebrate this momentous milestone AVBOB announced plans on Wednesday 15 August 2018 to allocate ZAR 3.5 billion to their members through a new and exciting member benefit known as the AVBOB Reward Account (ARA). AVBOB is Africa's largest Mutual Assurance Society providing a one-stop funeral insurance and burial service solution.

Frik Rademan (pictured), AVBOB Chief Executive Officer, said: “This year marks AVBOB’s 100th year in business. The ZAR 3.5 billion benefit allocation...

Tuesday, 21 August 2018

ICMIF member Ömsen (Finland) has launched a new type of mutual insurance cover for customers and entered the personal lines market by introducing a healthcare insurance for its local market. The company says the product was launched to help promote a healthier Åland (the autonomous Finnish province which the company serves).

Ömsen says it is looking to the future and has developed this completely new type of insurance cover with a focus on preventive healthcare into its non-life product range. The product has been launched in cooperation with healthcare provider Medimar. This is the first time the the non-life insurance company...

Monday, 20 August 2018

Australian ICMIF member RAC WA has announced a new naming rights partnership with the major sports and entertainments venue in Western Australia (WA), the Perth Arena, which will be known as the RAC Arena from 1 September 2018.

Since its opening in November 2012, the Arena has held an average of 80 events per year, including a variety of entertainment from ice events and basketball games to a host of world-famous music acts. Last year, the venue was ranked as #5 in Billboard’s top worldwide venues of its size for ticket sales.

RAC Group CEO, Terry Agnew, said as a membership organisation now representing more than one...

Friday, 17 August 2018

Following its success at the 2017 Biennial Conference in London, ICMIF will once again be running a Young Leaders Programme at its next Biennial Conference, which will take place in Auckland, New Zealand, from 12 to 15 November 2019.

The 2019 Young Leaders Programme is designed for young professionals (generally aged between 18 and 35) from ICMIF members who have been identified by their seniors as strong candidates to become future leaders within their organisations.

The programme provides an excellent opportunity for ICMIF members to both develop and reward their younger and high potential employees, exposing them to...

Thursday, 16 August 2018

ICMIF member EMC Insurance Companies has recently announced strategic partnerships with two organisations with whom it plans to improve its digital processes and improve efficiencies in key areas of the organisation’s operations.

The first partnership was announced in June with insurtech startup RiskPossible. RiskPossible has developed a digital platform that allows insurance carriers to monitor clients’ evolving operations and adjust their actions accordingly.

Called the Continuous Underwriting Engine (CUE), RiskPossible’s digital platform captures policyholder and potential policyholder data so underwriters can better...

Wednesday, 15 August 2018

A total of CAD 190,000 given to community initiatives nationwide

Earlier this month the Desjardins Group announced the winners of its Better Things Community Grants programme. Three large grants of between CAD 20,000 and CAD 50,000 and 17 community grants of CAD 5,000 will go to deserving initiatives in Ontario, Alberta and New Brunswick.

Earlier this year, Desjardins asked its State Farm® branded agents to nominate local charities or government organisations that work to address safety issues, promote healthy lifestyles, improve financial well-being or support education and youth for consideration in the Better Things...

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