Latest News

Thursday, 25 October 2018

Singapore-based ICMIF member NTUC Income (Income) has this week launched Droplet, a lifestyle-inspired insurance by Digital Income, the organisation’s in-house Digital Transformation Office (DTO). Income says that Droplet is a blue-sky response to consumers’ pain-point – surge pricing due to rain – when they book a ride on ride-hailing platforms. In Singapore, an average of 167 days of rainfall can be expected a year, consumers can now meaningfully address this pain point with insurance cover by Droplet as it offers a pay-out when prices on ride-hailing platforms surge due to rain.

Mr Peter Tay,...

Wednesday, 24 October 2018

ICMIF Supporting Member A.M. Best has this month announced the appointment of Carlos De la Torre as the new Senior Director of A.M. Best América Latina, based in Mexico City. De la Torre will be responsible for managing A.M. Best’s Mexico-based subsidiary and its continued growth throughout Latin America.

De la Torre has more than 15 years of experience working in the insurance and reinsurance markets. He started with Marsh Mexico as a trainee broker in 2003. Two years later, he joined Cooper Gay in London as a broker for its Latin American property and terrorism reinsurance facultative business. De la Torre returned to Mexico in...

Tuesday, 23 October 2018

Insurance-linked securities (ILS) is now an established asset class that is continuing its momentum despite the challenges of the catastrophe events in 2017, according to a new Global ILS Market Survey published this week by Willis Towers Watson.

End investors, Insurance-Linked Securities (ILS) funds, and buyers – the three groups active in ILS – have predominantly weathered 2017 loss activity with a view that reinsurance products backed by ‘alternative’ capital have become mainstream, according to the survey.

The unique survey of all three constituents of the ILS market was conducted more than six months after the major...

Monday, 22 October 2018

At the forthcoming ICMIF Intelligence Committee (IC) meeting in Espoo (Helsinki, Finland) which will take place 8-9 November 2018, members of the Committee have been encouraged to bring a younger colleague with them to join the strategic discussions on current issues and emerging trends impacting the cooperative and mutual insurance industry worldwide. The meeting in Espoo, hosted by ICMIF member LocalTapiola, will be the second Intelligence Committee meeting of 2018 (the first was held in May in Bologna, Italy, hosted by Unipol). Topics on the agenda in November’s meeting include new business models, Agile methodologies, blockchain and...

Thursday, 18 October 2018

On Saturday 6 October 2018, the 72nd Ordinary General Assembly of ICMIF member Sancor Cooperativa de Seguros Ltda (Argentina) took place. The meeting was attended by delegates who represented members of the cooperative insurer from all over the country.  

In addition, as at the close of each fiscal year, the Board of Directors was renewed for the 2018/2019 period, with the appointment of Eduardo Reixach (pictured) as the new Chairman of the Group being the key announcement made during the meeting.

Within the agenda of the General Assembly, recognition was also given to the members of the salesforce who had reached 50...

Thursday, 18 October 2018

The direction of Innovation, Environmental and Social Governance (ESG), Regulation in Europe, and the future for the London Market. These are just some of the exciting discussion points which will bring together many senior market leaders and A.M. Best analysts to this annual flagship European conference, the Insurance Market Briefing - Europe and Methodology Review Seminar, hosted by ICMIF member A.M. Best in London (UK) on 6 November 2018.

ICMIF members are invited toregister now. The full details of the event are:

Tuesday 6 November 2018 08:30 - 13:00 GMT (Briefing), 14:00-16:00 GMT (Seminar) ETC Venues St. Paul's, 200...

Thursday, 18 October 2018

The World Council of Credit Unions (WOCCU) has this week released its newest Statistical Report, which provides membership and financial data as of December 2017 from credit unions and other financial cooperatives worldwide. This year's report includes information from 89,026 credit unions serving over 260 million members in 117 countries.

The global credit union family is also celebrating the 70th anniversary of International Credit Union Day today, Thursday 18 October. Throughout October the Worldwide Foundation for Credit Unions, the charitable arm of the World Council of Credit Unions, has been encouraging credit unions...

Wednesday, 17 October 2018

ICMIF member CyberScout has this week announced a new partnership with another member of the Federation, Länsförsäkringar, a group of customer-owned insurance companies that provides personal, commercial, pet and life insurance, as well as bank, life and pensions services throughout Sweden.

Established in 1843, Länsförsäkringar is the largest non-life mutual insurer in Sweden, with a market share exceeding 30 percent. The group is comprised of 23 companies that work in cooperation with each other to provide top-tier services in everything from insurance to banking, always with a strong focus on customer service.


Wednesday, 17 October 2018

Nos complace anunciar a Héctor Miguel Opazo Santis como orador principal en la próxima 26ª Conferencia Anual de ICMIF / Américas, que tendrá lugar del 19 al 21 de noviembre de 2018 en Cartagena (Colombia).

Héctor Miguel Opazo Santis tiene más de 20 años de experiencia internacional en Dirección de Empresas, Negocios, Innovación, Tecnología y Operaciones. Actualmente, se desempeña como CEO de la región andina para Grupo Componente, firma chilena experta en Canales Digitales, Transformación Digital, Metodologías Ágiles, modelos de negocios basados en tecnologías emergentes e Innovación Fintech.

Santis realizará una...

Wednesday, 17 October 2018

ICMIF is pleased to announce Héctor Miguel Opazo Santis as the keynote speaker for the upcoming 26th ICMIF/Americas Annual Conference, which will take place from 19-21 November 2018 in Cartagena (Colombia).

Héctor Miguel Opazo Santis has more than 20 years’ international experience in business management, innovation, technology and operations. Currently, he serves as CEO of the Andean region for Grupo Componente, a Chilean firm with expertise in digital channels, digital transformation, Agile methodologies, business models based on emerging technologies and FinTech Innovation.

Santis will deliver a keynote presentation...