Latest News

Wednesday, 27 May 2020

ICMIF member Seguros Unimed is the largest doctors’ cooperative in the world and one of the three largest health insurers in Brazil and the organisation says it working to transform the future with increased healthcare services and financial coverage.   

Facing the current coronavirus pandemic, Unimed Seguros has followed the guidelines given by the Brazilian health authorities as well as that of international organisations and other scientific evidence that has rapidly emerged during the crisis.  

Seguros Unimed says its main priorities have been the safety of employees, assistance to policyholders and the...

Tuesday, 26 May 2020

ICMIF member, EMC Insurance Companies (USA) has been named 2020 innovationLEADER of the Year by innovationIOWA Magazine in recognition of the originality, leadership and impact of their innovative culture and processes.

EMC President and CEO, Scott Jean said: “Innovation is one of our five core values – values that drive EMC Insurance Companies to realise our mission and vision. With this focus, EMC demonstrates that we understand the importance of embracing innovative changes and support incorporating new ideas and methods into our business.”

Jean also emphasised the strategic long-term importance of innovation in the...

Tuesday, 26 May 2020

Last week, ICMIF member Folksam (Sweden) invested SEK 2.5 billion (USD 260 million) in a green bond issued by Kommuninvest. This brings the total amount invested in Green Bonds by Folksam Group to SEK 30 billion (USD 3.1 billion), making it one of the leading insurers in terms of green bond investments.

“Society is in the midst of a necessary green transition, which is largely driven by local projects in regions and municipalities. This investment contributes to pension money providing double benefits to savers by allowing the local transition to continue at the same time as pension money is growing” said Michael Kjeller, Deputy...

Tuesday, 26 May 2020

For the second time, ICMIF member Securian Financial (USA) was named to Fortune’s annual ranking of America’s largest companies, listed at 455.

“We are proud to return to this prestigious list of American companies,” said Christopher M. Hilger (pictured), Chairman, President and CEO of Securian Financial, which was first listed in 2018, at 462. “While it is nice recognition of our success, our focus remains on helping our customers, employees and community build successful tomorrows.”

Fortune 500 companies account for two-thirds of the United States gross domestic product. The rankings are limited to publicly traded...

Tuesday, 26 May 2020

ICMIF member Kyosuiren (Japan) is the sole national federation that provides Kyosai (the name for cooperative insurance in Japan) services for members of over one thousand local Japan Fisheries Cooperatives (JFs) who are working in the fishery sector in Japan, a country that is surrounded by the sea and one of the major fishing countries in the world.

Kyosuiren offers a variety of life and non-life Kyosai, including standard types of life insurance, medical insurance, personal pension insurance, short-term casualty insurance for fishermen, and products for protecting houses from fires and natural disasters...

Thursday, 21 May 2020

UK-based ICMIF member OneFamily has recently made a new grant available to its members if they are experiencing financial difficulties due to the coronavirus.

The organisation says it recognises that the impact of the COVID-19 pandemic has been huge, leaving many families concerned not only with their health, but also financially. In such unprecedented and uncertain times, the new grant has been made available to help customers who need extra support to survive financially.

OneFamily customers affected by coronavirus can apply for a Temporary Hardship Grant of up to GBP 250 to help with essential costs such as rent, bills,...

Wednesday, 20 May 2020

In response to the outbreak of Covid-19, ICMIF member Sancor Seguros (Argentina) has developed two new products to respond to the protection needs arising from the situation, which have additional coverage and benefits.

The new options are:

HOME OFFICE: a product offering cover for personal accidents, 24 hours a day, and accidental damage to technological work equipment (for individuals and companies). Cover is offered also for breakage, damage or theft of a PC/laptop; a subsidy in the event of a death; and additional coverage for bone fractures suffered by members of the policyholder’s immediate family.


Tuesday, 19 May 2020

Dutch ICMIF member Achmea yesterday announced the issuance of a new senior bond. This bond will be used to refinance a senior unsecured bond of EUR 750 million that matures in November 2020. Achmea published its annual figures on 12 March and reported a solvency ratio of 219% and liquidity of EUR 732 million. In the light of the global Covid-19-pandemic, Achmea confirmed that its Q1 2020 capital and liquidity positions are robust and that the solvency ratio is substantially above target levels. Depending on the duration and intensity of the outbreak, Achmea says it sees potential negative effects on the financial results of the non-life...

Tuesday, 19 May 2020

Earlier in the Covid-19 pandemic we reported on the ways in which ICMIF member Climbs Life and General Insurance Cooperative in the Philippines was supporting members during the crisis.

This included, on 11 March, setting up a Covid-19 taskforce to create a Crisis Management Plan and Crisis Communications Plan.

Under the tagline “more than just protection”, CLIMBS also launched a Community Action Response and Emergency Services (CLIMBS CARES), which aims to assist communities affected especially in the distribution of safe drinking water and water for sanitation purposes. Climbs runs its own Covid-19 hotline, which is open...

Thursday, 14 May 2020

ICMIF member Coopenae (Costa Rica) is helping its members address any problems they face due to the coronavirus (COVID-19) situation, through a range of initiatives and in particular a website launched specifically to help its members with issues around finances during the pandemic.

The recently launched Coopenae coronavirus website has video tutorials to help members know how to carry out essential financial transactions such as transfers, payment of services, credit requests, card payments and many other processes from their homes and without the need to go to one of Coopenae’s branches. The company is also using its Facebook...