Latest News

Wednesday, 06 May 2020

ICMIF member MAIF (France) is using a platform created by the MAIF Prevention Association (l’association Prévention MAIF), Share Entraide, to help people during the pandemic who are isolated or unable to do their essential shopping and who need someone to help them with these tasks. The platform can also help people such as care workers to find a vacant property (rather than just a room in their home) that could be used as temporary accommodation. The platform works both ways, people can post an announcement to say they need help or those who can assist can post to say they can help others.

The platform works like an online...

Tuesday, 05 May 2020

UK-based ICMIF member Simplyhealth is continuing its long-standing work to support communities in need, through the Covid-19 crisis, with charitable donations to local and national charities.

The health cash plan and dental plan provider has made a significant donation to Diabetes UK to help support those affected by coronavirus and its associated health risks.

Simplyhealth reinvests up to 10% of its profits into charitable causes every year, providing financial and volunteer support to large and small causes which share the mutual’s values. Diabetes UK enables people to access the help and support they need by phone,...

Tuesday, 05 May 2020

Member policyholders of Canadian ICMIF member The Co-operators who have seen the COVID-19 restrictions in place in Canada affect the amount that they drive, can now reduce their auto insurance premium with the organisation’s Reduced Driving Refund.

With the Reduced Driving Refund, eligible Auto clients* will receive a minimum 10% refund on the premium they paid from 1 April to 31 May 2020. If eligible, refunds will be applied to policies, starting in July. Policies must be active on May 31 to qualify.

Moreover, The Co-operators says, if auto clients continue to drive less and claims continue to decrease, an even larger...

Tuesday, 05 May 2020

‘Un Respiro’ (a breath) is the name given to the low-cost emergency transition ventilator developed by an Argentinian startup called Inventu, based in Rosario, together with the National University of Rosario (UNR) to try to help overcome the crisis caused by COVID-19. 

‘Un Respiro’ is an Open Source project which makes the information on plans, parts, supplies and manufacturing processes available for free download to considerably increase the production of these ventilators throughout the country.

ICMIF member the San Cristóbal Group recently announced its support to the "Un Respiro" project, with an investment of...

Monday, 04 May 2020

ICMIF member Sygeforsikringen “danmark” wants to give back to Denmark and contribute to the wellbeing of society. Based on an investment surplus, the mutual health insurer offers the opportunity to support healthcare projects that can benefit Danish society.

Therefore, it has announced that it will make donations totaling DKK 100 million (USD 15 million) in 2020 to projects related to healthcare research, information and prevention. In light of the coronavirus crisis the world is facing, healthcare projects that could help in the fight against the virus will be prioritised.

Founded in 1973, Sygeforsikringen "danmark" is a...

Friday, 01 May 2020

To help brokers keep connected with their customers during the Covid-19 outbreak, UK-based ICMIF member Ecclesiastical has teamed up with Factor 3 (an integrated advertising, branding, design and digital agency) to produce a guide on how to use social media during these difficult times.

This is the latest module in Ecclesiastical’s popular Social Club programme and it was released this week to support brokers during the UK-wide lockdown, which has created new challenges for them and their customers alike.

‘Staying Social during COVID-19’, is a ‘do’s and don’ts’ guide to help brokers navigate social media throughout the...

Thursday, 30 April 2020

ICMIF member AVBOB Mutual Assurance Society (South Africa) was born in the wake of a global pandemic – the 1918 Spanish Flu – in order to restore dignity to those taken by the outbreak. AVBOB says that same humane impulse remains at the heart of who they are today, a funeral service provider and insurer with over 100 years’ experience, positioned to provide clarity and comfort at a time of crisis and confusion. At this time AVBOB is committed to doing all it can to serve South Africa with empathy, care and dignity. AVBOB’s Funeral Service offices have been authorised to operate as an essential service, while insurance administration...

Wednesday, 29 April 2020

While some insurers are reimbursing motor premiums to policyholders due to the coronavirus outbreak and people driving considerably less due to lockdown rules imposed on them, this activity is business as usual for some ICMIF members such as DEVK and HUK-COBURG (Germany) that regularly pay premiums back to members. Both organisations say they are monitoring the current situation closely and will assess its impact at year-end.

For example, at the beginning of this year customers of DEVK (Germany) who had not made any claims in 2019 received reimbursements from the mutual insurer. Around 363,000 DEVK policyholders benefited from...

Wednesday, 29 April 2020

According to ICMIF Supporting Member Willis Re, COVID-19 has had a profound global effect on every societal and economic level imaginable. Willis Re said that whilst it is impossible to predict exactly how this "black swan" event will unfold over the short term, it will impact our industry in some permanent way(s) as stakeholders consider the lessons of a threat that has a global footprint impacting so many levels of the (re)insurance industry.

 

Over the past three weeks, Willis Re’s subject matter experts have collaborated, sharing knowledge and experience to identify and quantify the extent of the impact of...

Tuesday, 28 April 2020

"It is when we are faced with the most challenging of circumstances that the need for a more cooperative world is highlighted, and mutual and cooperative organisations are seen to make a difference in terms of the social value they are capable of creating," says Alberto Grimaldi, CEO of Argentinian ICMIF member the La Segunda Insurance Group, when speaking about the series of solidarity measures that the company has been making in response to the COVID-19 pandemic.

Among these measures is an initiative developed by La Segunda’s biotech company DetXMol S.A. to develop early detection kits for viruses such as COVID-19 and other types...

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