Latest News

Thursday, 18 June 2020

Data taken from specialist insurer Ecclesiastical’s Movement for Good awards has revealed that brokers in the UK still intend to donate to good causes despite the difficult social and economic challenges caused by COVID-19.

According to ICMIF member Ecclesiastical, 1,035 brokers voted for 572 charities across the UK in the insurer’s Movement for Good awards. Analysis of the nominations shows an overwhelming majority (93%) of brokers are still likely to donate money.

Ecclesiastical’s Movement for Good awards will see a total of GBP 1 million given to charities across the UK this summer. Members of the public were invited to...

Thursday, 18 June 2020

Dutch ICMIF member Achmea has conducted research into the climate resilience of homes in the Netherlands. The organisation investigated the current levels of knowledge of Dutch people on this subject; what their thoughts are on this topic and whether they have already taken measures to prevent climate-related problems at their homes or whether they are planning to do so. The study was conducted online in April 2020 among 1,001 Dutch people aged 18 years and above by research agency MWM2 and the second Achmea Climate Adaptation Monitor report, published this month, shared the findings of the research. The first edition of the Monitor was...

Wednesday, 17 June 2020

New risks and trends accentuated by the COVID-19 pandemic are emerging, but the current crisis shouldn’t overshadow the need for the world to transition to a more sustainable economy and a low-carbon future, says the recent Swiss Re Institute’s SONAR report published earlier this month.

Findings in the report say that intergenerational tensions, supply chain disruptions and the fragility of public healthcare are among the risks and trends amplified by the COVID-19 pandemic. The report also notes that the coronavirus outbreak showed that societies were not sufficiently prepared, and that broad risk awareness is crucial for proper...

Tuesday, 16 June 2020

ICMIF member The Co-operators has announced this week that the organisation has increased funding for youth and marginalised communities in Canada, as many struggle with mental health issues and insecurity related to COVID-19. In addition to the CAD 205,000 in support funding for youth mental health through ongoing partnerships with Boys & Girls Clubs of Canada (BGCC), Kids Help Phone and Enactus Canada, the cooperative insurer has bolstered its investment by CAD 220,000 in light of COVID.

"The Co-operators is committed to supporting mental wellness and community resilience for young Canadians, many of whom face significant...

Tuesday, 16 June 2020

From Monday 15 June, ICMIF member NFU Mutual (UK) will be including Personal Cyber cover as standard for new Bespoke home insurance customers, ensuring that their privacy, data and assets receive specialist cover just as their home and contents do.  

The embedded cover will provide protection of up to GBP 50,000 from NFU Mutual for five key cyber risks Partnerships with fellow ICMIF member CyberScout and with data recovery specialist Ontrack will provide holistic support for customers, through a 24/7 cyber helpline, and data restoration services Cyber experts provide tips for staying secure online

NFU...

Monday, 15 June 2020

Danish ICMIF member LB Forsikring has 49% women in management positions according to 2019 results published earlier this year. This figure is 20% above the average for other member companies of the Financial Sector Employers' Association in Denmark.

In a recent interview with sustainability website Sustain Report, CEO Anne Mette Toftegaard says she believes the reason lies in her organisation’s corporate culture: "... it is not only the individual who must be successful, but the organisation as a whole that must be successful. Such a working environment attracts both men and women, so we have always had good gender diversity in LB...

Friday, 12 June 2020

ICMIF member NTUC Income (Income) has this week officially launched SNACK, an innovative, industry-first insurance proposition that revolutionises the way consumers can engage with, purchase and obtain insurance protection in Singapore. Typically, an insured person is required to pay insurance premiums at a fixed quantum either monthly or annually, and sometimes over a fixed duration of time, in order to be covered for a specified sum assured.

Insurance made flexible by paying micro-premiums

With SNACK, the insured person gradually builds or “stacks” his/her insurance coverage by paying micro-premiums at either SGD 0.30,...

Thursday, 11 June 2020

Costa Rican ICMIF member Sociedad de Seguros de Vida del Magisterio Nacional (SSVMN), has been providing protection to workers in the education sector in Costa Rica for 100 years. This protection is in the form of life insurance and complementary services such as credits, subsidies and the provision of orthopaedic equipment.

The Central American country is among the countries with the least number of infections and deaths, however the measures taken by the government, such as the closure of businesses and tourist resorts and the restrictions of vehicle traffic, have had a strong economic impact on the population.

Many...

Thursday, 11 June 2020

Swedish ICMIF member Folksam and preVet have this week announced that they are entering into a collaboration to improve equine health, to reduce costs for policyholders and reduce unnecessary suffering of horses. Poor health of horses and rampant veterinary costs are often the consequence when horse owners and veterinarians do not continuously document the condition of a horse or do not have sufficient information exchange between them. This can lead to ineffective care which becomes expensive for the horse owner and often involves high damages for the insurance company. For Folksam's customers, who have their horse insured with the...

Thursday, 11 June 2020

Swiss ICMIF member La Mobilière has announced that it has purchased the French start-up Buildigo and thus completed its range of services for the housing sector. In collaboration with the founders of Buildigo, La Mobilière intends to develop this online platform which allows users to find craftsmen throughout Switzerland.

La Mobilière says it is keen to offer its customers a comprehensive range of products which complement each other and to do this they rely on business ecosystems. This approach is based on digital networking and platforms which bring together the various activities which have a particular customer or sector in...

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