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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.

The...

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...

Wednesday, 17 October 2018

Today, 17 October 2018, is the United Nations (UN) International Day for the Eradication of Poverty, and in recognition of this The ICMIF Foundation is taking the opportunity to celebrate the ways in which the ICMIF 5-5-5 Mutual Microinsurance Strategy contributes towards the eradication of poverty.

The theme for the Day this year is Coming together with those furthest behind to build an inclusive world of universal respect for human rights and dignity.

The UN website states: “It is important to recall the fundamental connection between extreme poverty and human rights, and that people living in poverty are...

Tuesday, 16 October 2018

In this episode of A.M.BestTV, David Blades, Senior Research Analyst, and Chris Draghi, Senior Financial Analyst, both from ICMIF Supporting Member A.M. Best, say that rated insurers operating in Florida (USA) appear prepared to absorb anticipated catastrophe losses from Hurricane Michael, with reinsurers expected to take a larger share of losses than they did for Hurricane Florence in September. Click here to view the entire programme. “I think it is safe to say from the standpoint of insured and economic losses, these will be a little higher than the initial estimates, given how the storm intensified before making landfall,” said...

Tuesday, 16 October 2018

Thrivent, a member of the International Cooperative and Mutual Insurance Federation (ICMIF) based in the USA, announced last week that Brad Hewitt (pictured, see here at the 2015 ICMIF Biennial Conference) will retire as CEO and Terry Rasmussen has been appointed as his successor.

"Brad has provided visionary leadership in moving Thrivent forward in its mission of serving the broader Christian community and ensuring the organisation has the tools and talent to meet the expectations of our members and position us for long-term growth," said Bonnie Raquet, Chair of the Thrivent Board of Directors.

"We wish Brad well as he...

Monday, 15 October 2018

Although Florida’s insurance market-share leaders possess strong levels of risk-adjusted capitalisation that should provide a buffer against Hurricane Michael losses, insurers, reinsurers and insurance-linked securities investors could face significant losses, according to a new briefing from ICMIF Supporting Member A.M. Best published last week on 10 October.

The Best’s Briefing, “Insurers and Reinsurers Brace for Hurricane Michael Catastrophe Losses,” (10 October 2018) states that A.M. Best does not anticipate a large number of rating actions related to Hurricane Michael, as catastrophic events such as this one already have been...

Friday, 05 October 2018

Australian ICMIF member, the Business Council of Co-operatives and Mutuals (BCCM) yesterday (Thursday 4 October) warmly welcomed the publication of draft legislation that will begin the process of modernising the Federal law for mutual businesses in Australia.

The legislation forms the first part of a two-phased approach to improve the business environment for mutually owned firms and improve their ability to compete on level terms with investor-owned corporations.

The draft legislation provides a definition of a mutual entity to recognise the sector in the Corporations Act and to determine which companies will be...

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