Latest News

Thursday, 14 May 2020

During a recent ICMIF webinar on “New business models for the mutual of the future“, Lauri Saraste, Director at ICMIF member LocalTapiola (Finland) spoke of the many initiatives that his organisation had undertaken to try to help members and communities in Finland during the COVID-19 pandemic. Before going on to describe some of the initiatives, Saraste said: “Finland is a remote country and has not been as hard hit by the coronavirus pandemic as some other countries. However, there has been a major impact on both the economy and on the society, so trying to help our customers in a variety of ways has been very important for us.”

Thursday, 14 May 2020

Swedish ICMIF member Länsförsäkringar's Research Fund is funding a new research study at Uppsala University to investigate children and young people's views on the Covid-19 situation. The study will look at those who are aged 4-18 years old. According to the Research Fund, many children and young people feel anxious and are touched by the issue, but their voices are rarely heard.

Peter Griepenkerl Lööf, Head of the Länsförsäkringar Research Fund, says: “we want to increase awareness and knowledge of the situation as it is being experienced by children's situation during the pandemic by funding independent research and we want to...

Wednesday, 13 May 2020

Argentinian ICMIF member Seguros Rivadavia has joined the fight trying to combat the pandemic generated by COVID-19 with various solidarity actions through its Raúl Vázquez Foundation, allocating donations of more than ARS 2 million to the cause.

Of the various donations made by Seguros Rivadavia, two important contributions stand out, the first was to the San Roque Hospital in the town of Manuel B. Gonnet and the Rodolfo Rossi Hospital in the city of La Plata. The donations given to these two hospitals provided the construction and sanitation materials necessary for a comprehensive restoration of the changing rooms for the...

Wednesday, 13 May 2020

Canadian ICMIF member The Commonwell Mutual Insurance Group has this week announced the introduction of “Pay It Forward” – an innovative initiative developed in response to the COVID-19 pandemic. Every member is to be sent CAD 100 as part of the organisation’s COVID-19 Member Response Plan giving a total payment of CAD 8.4 million.

“We are proud to count more than 84,000 households in our membership at The Commonwell Mutual Insurance Group,” said President & CEO Tim Shauf. “We want to honour their support of us with a special one-time payment of CAD 100 that may be used to ease personal financial pressure or “Pay It Forward” by...

Wednesday, 13 May 2020

During the ongoing COVID-19 pandemic, three Canadian ICMIF members have responded with initiatives to provide assistance to their member policyholders and to support local communities and healthcare providers.

Trillium Mutual announced last week that it will be donating CAD 100,000 to support mental health initiatives and programs that are directly helping farmers and rural communities across Ontario that may be struggling during these times. The donation will be made through Trillium’s ROOTS Community Support Fund, and was announced during the Canadian Mental Health Association’s (CMHA) Mental Health Week.

Trillium Mutual...

Tuesday, 12 May 2020

UK-based ICMIF member Ecclesiastical Insurance Group which offers specialist services in insurance, investment management, broking and advisory businesses in the UK, Ireland, Canada and Australia, has joined more than 250 firms globally in making the public commitment to tackle the effects of the Coronavirus (COVID-19) pandemic.

Launched by former Cabinet Minister Rt Hon Justine Greening and entrepreneur David Harrison, and working in conjunction with businesses across the UK, the pledge seeks to mobilise corporate efforts towards tackling the pandemic.

The aim is to encourage UK businesses to demonstrate that they are a...

Tuesday, 12 May 2020

Canadian ICMIF member The Co-operators last week announced CAD 200,000 in funding to support Canadians who are most vulnerable and impacted by COVID-19. This contribution is in addition to the financial services cooperative's annual campaign that in 2019 raised over CAD 675,000 through employee and corporate contributions.

The CAD 200,000 will be distributed to 28 local United Way Centraides where The Co-operators has corporate operations, reflecting its commitment to support the resilience and well-being of local Canadian communities. United Way Centraides is a federated network of over 80 offices serving more than 5,000...

Monday, 11 May 2020

ICMIF member The National Association of Mutual Insurance Companies (NAMIC), the trade association for the US mutual property/casualty insurance sector, has compiled a list of over 35 member stories of responses to COVID-19 from mutual insurance companies.

The majority of responses compiled by NAMIC (as of 14 April 2020) involve US mutual insurers offering premium relief to personal auto customers due to the change in driving habits due to the coronavirus, sharing the savings from fewer accident claims with their member/policyholders.

One example is from ICMIF member Shelter Insurance, which announced in April that it will...

Wednesday, 06 May 2020

ICMIF member MAS (New Zealand) is launching a hardship fund for its members who are in financial difficulty due to the COVID-19 crisis, as well as making a return of premium savings on motor vehicle insurance, and issuing community grants through the MAS Foundation. These initiatives come in addition to measures MAS had already put in place, including deferring premium payments for those facing financial hardship and adapting some insurance policy cover and benefits.

The MAS relief fund MAS has put together a NZD 2 million (USD 1.2 million) relief fund to ensure individual members in hardship remain protected. For members who...

Wednesday, 06 May 2020

Many members of the UK-based ICMIF member The Retail Mutual are facing drastic restrictions to their trading activity due to the COVID-19 pandemic. The Retail Mutual says it has been working hard to develop a range of initiatives for its members to help them through this challenging time. Some of the measures that have been introduced so far are: Full staffing capacity to serve members The Mutual has set up remote working arrangements for all staff to support the UK-wide effort to slow the spread of the virus. The Claims and Service teams are fully staffed and continue to offer high levels of service.  Dedicated resource hub The...