Latest News

Friday, 19 July 2019

At the recent ICMIF Intelligence Committee meeting in Paris (France) Gina Fusco, Director of Strategy and Marketing at UK-based member organisation NFU Mutual, was elected as the next Chair of the Committee.

The Intelligence Committee is a sub-committee of the ICMIF Board of Directors, established in order to guide ICMIF’s networking and knowledge activities. The Committee (IC), which is made up of senior executives from 24 member organisations, acts as a network to leverage the experiences and capabilities of its members through the sharing of strategic intelligence and research; best practice methodologies on innovation,...

Tuesday, 16 July 2019

2019 sees UK-based ICMIF member The Retail Mutual mark its twentieth year of providing an alternative to traditional insurance for independent retailers.

The Retail Mutual began life in 1999 as a small, specialist provider of business cover specifically to retail newsagents. As the sector evolved, so too did the Mutual, expanding first to meet the needs of the wider convenience retail sector before opening its doors in 2017 to the whole spectrum of independent retail shops and service providers on UK high streets.

The Retail Mutual has now become the cover provider of choice for thousands of independent retailers. Indeed,...

Tuesday, 16 July 2019

ICMIF Supporting Member CyberScout, a leader in identity theft resolution, data defence and employee benefits services, last month announced the appointment of Jennifer Leuer as Chief Executive Officer, effective 24 June 2019. Leuer joins CyberScout from Experian where she served as president of Partner Solutions.

“Jen Leuer is a strong leader with a stellar record of success,” said CyberScout Chairman and Founder Adam Levin. “Her experience, vision, passion and sense of urgency make her the perfect choice to lead the CyberScout organization, as we grow our global footprint exponentially.”

During her...

Monday, 15 July 2019

Belgian ICMIF member The P&V Group (which includes the P&V and Vivium brands) last month launched a new type of insurance for the Belgian market. This is an "on-demand" insurance product where the customer decides when to activate or deactivate it. This concept, called CliCover, will first be applied to motorcycle damage insurance.

CliCover: the customer chooses the days when he/she wants to be insured

The idea came about from a request from people in Belgium who use their motorcycle for leisure purposes and who do not want to pay an annual premium for material damage when they only use their motorcycle for a short...

Friday, 12 July 2019

On Wednesday 10 July 2019, Dutch ICMIF member Achmea and a large number of other financial sector players, signed the Dutch government’s national Climate Agreement and in doing so committed to report on the climate impact of their financing and investments from 2020 onwards. The organisations also announced that by 2022 they would have action plans in place to reduce their CO2 emissions. Contributing to reducing climate change has been high on Achmea’s strategic agenda for many years and it is one of the three focus areas (UN’s SDGs) in its strategy.

In a statement this week Achmea said that the climate is changing and this is...

Wednesday, 10 July 2019

UK ICMIF member Co-op Insurance has today introduced a new policy for young drivers, which is set to save them an average of more than £1000¹ in insurance premiums as a reward for safe driving.

The ‘Graduated Young Driver’ policy will offer drivers who have been on Co-op’s Young Driver telematics policy for two years with a high Safe Driving Score (SDS)² the chance to be ‘unboxed’.

Co-op Insurance says qualifying drivers who have proven to be a consistently safe driver will have their black box switched off and will save around an additional £322 just by ‘graduating’ from a monitored to an unmonitored policy in their third...

Wednesday, 10 July 2019

ICMIF Supporting Member Willis Re has deployed a wildfire risk solution that can be used throughout the United States. to assess location level wildfire risk, and how the risk correlates to the company’s portfolio level wildfire exposure. Willis Re said this week that the new solution supports the organisation’s clients in writing and pricing wildfire risk with increased confidence and efficiency for the peril of wildfire.

According to Willis Re, recent and devastating wildfires in California revealed that many carriers do not have a good handle on their wildfire risk, largely due to existing industry models which do not accurately...

Wednesday, 10 July 2019

The jury of the Fortuna 2019 Awards, the awards organised annually in Argentina by the business magazine Fortuna, has named ICMIF member Sancor Seguros the Best Insurer in Argentina. The awards took place earlier this month.

The 15th Fortuna Awards ceremony was held at facilities of the Buenos Aires Stock Exchange, where 16 firms that excelled in their field were named as winners in the various business categories.

CEO of Grupo Sancor Seguros, Alejandro Simón (pictured middle row, second from left) and the Director of Business and Marketing, Eduardo Estrada, were present at the ceremony to accept the award.

...

Friday, 05 July 2019

"Cooperatives for decent work"

On this year’s International Day of Cooperatives (CoopsDay), to be celebrated on 6 July, the International Cooperative Alliance (ICA) has issued a message to say that the ICA and cooperatives around the world are championing a commitment to decent work. This year’s event will be the 97th ICA International Cooperative Day. The event is also, more recently, championed the United Nations and this year will be the 25th UN International Day of Cooperatives.

The ICA’s message for CoopsDay says that given today’s widening inequality, increased job insecurity, and high unemployment levels–particularly...

Thursday, 04 July 2019

Global insurance premiums passed the USD 5 trillion mark for the first time in 2018, equivalent to more than 6% of world gross domestic product (GDP), the latest sigma report from the Swiss Re Institute, "World insurance: the great pivot east continues", says. This was based mostly on solid growth in the non-life sector, particularly in China and other countries in emerging Asia, and also among advanced markets, according to the report.

 

Highlights of the report include:

Global insurance premiums topped USD 5 trillion for first time ever in 2018, with solid growth in non-life, subdued performance in life Life and...

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