Latest News

Friday, 15 June 2018

ICMIF member CyberScout has won the people’s choice for Cyber Service Vendor of the Year at Advisen’s fifth annual Cyber Risk Awards.

At an event earlier this month, attended by more than 400 P&C professionals who care about cybersecurity, CyberScout was named Cyber Service Vendor of the Year by Advisen, a provider of data, media and technology solutions for the commercial property and casualty insurance market. The gala took place at Gotham Hall in New York City (USA).

Advisen’s Cyber Risk Awards are considered highly prestigious honours by many in the cyber community. According to Rebecca Bole, Editor-in-Chief at...

Thursday, 14 June 2018

The La Segunda Insurance Group (Argentina) launches a project to promote transformation through open innovation.

Argentinian member of ICMIF, La Segunda Insurance Group, has launched “Hack2In”, the first Insurtech Hackathon in Argentina. The Hackathon event will be held on 28 and 29 July at the City Centre Hotel in Rosario, Argentina.

Over a period of 30 hours, 20 interdisciplinary teams of young programmers, designers, marketing professionals and enthusiasts of new technologies will create software solutions and business ideas aimed at transforming the insurance and agricultural industry.

What is a HACKATHON?

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Friday, 08 June 2018

Sancor Seguros, the Argentinian member of the International Cooperative and Mutual Insurance Federation (ICMIF), has launched a new telematics auto insurance product, called Intelligent Auto.

The launch event was held in the city of Rosario (in the province of Santa Fe), as this was the testing ground for the operation and response to the product. Now, it will be progressively offered more widely to the rest of Argentina.

The launch of the new product was conducted by Juan Pablo Trinchieri, Manager of Property and Casualty Insurance at Sancor Seguros, who was accompanied by the President of the Sancor Seguros Group, José...

Thursday, 07 June 2018

The largest and most comprehensive study of mutual and cooperative insurance in Europe has been published in a joint report by the Association of Mutual Insurers and Insurance Cooperatives in Europe (AMICE) and the International Cooperative and Mutual Insurance Federation (ICMIF). The report, Facts and figures: Mutual and cooperative insurance in Europe Volume 2, features an analysis of the financial performance and legal landscape of mutual and cooperative insurance across 32 European markets.

The report highlights the growth of the European mutual and cooperative insurance sector since the onset of the global financial crisis (...

Monday, 04 June 2018

European mutual and cooperative insurers reported another record year in terms of premium volumes and total assets held in 2016, despite Solvency II and other factors putting pressure on premium development in the region. The latest statistics on the European mutual and cooperative insurance market are from the Market InSights: Europe 2016 report published by the International Cooperative and Mutual Insurance Federation (ICMIF) and the Association of Mutual Insurers and Insurance Cooperatives in Europe (AMICE).

In total, mutual and cooperative insurers collectively wrote a record EUR 429 billion in insurance premiums in 2016. This...

Friday, 01 June 2018

ICMIF member NFU Mutual has been named Which? Insurance Brand of the Year 2018 for the fourth year running in the UK consumer body’s annual awards (announced at the end of May). The Which? Awards give recognition to UK organisations that Which? and its members believe offer exemplary products and customer service to UK customers.

Lindsay Sinclair, Group Chief Executive of NFU Mutual said: “I am absolutely delighted to announce that NFU Mutual has been named Which? Insurance Provider of the Year 2018. This is excellent news and we won't be slow to highlight this success when we target new customers. Which? is a highly regarded...

Thursday, 31 May 2018

Lionel Messi is the new face of the Argentinian insurer and ICMIF member Sancor Seguros. The cooperative insurer has launched a marketing campaign to celebrate this and is getting ready to maximise the opportunities of working side by side with Messi, currently said to be the best footballer in the world, in the lead-up to the 2018 World Cup (to be held in Russia in June).

In addition, Sancor Seguros has announced that it will be working with the Leo Messi Foundation on a number of social programmes linked to health and education with the goal of helping the Foundation support the development of children and adolescents currently...

Tuesday, 29 May 2018

The annual ICMIF/Americas Conference is the ideal opportunity for Chief Executives, General Managers, board members and senior staff of ICMIF member organisations in the Americas region to learn about the latest trends and success stories in the cooperative/mutual insurance industry. The theme for this year’s Conference is Insuring tomorrow: Fostering sustainability and resilience, and the event will take place from 15-17 August 2018 in Antigua Guatemala (Guatemala).

There is an early bird discount of USD 100 available for registrations made up to and including Friday 15 June 2018. The registration fee for participants...

Friday, 25 May 2018

Canadian ICMIF member The Co-operators this week announced the appointment of Karen Higgins as its new Executive Vice-President and Chief Financial Officer (EVP & CFO). Higgins has spent the last 20 years in progressive senior financial roles within the insurance and financial services industry, including the last 10 within The Co-operators organisation leading a number of key financial initiatives.

"Karen's reputation as a respected and effective leader is highlighted in her track record of building high performing teams, particularly during times of significant change with a keen focus on motivation, development and...

Thursday, 24 May 2018

The Singapore-based Applied Innovation Institute (Aii), in partnership with Quest Ventures, this month released the inaugural Applied Innovation Institute Singapore Insurance Innovation and Digital Benchmark, which ranked the innovation and digitisation efforts of 25 insurers in Singapore.

In the benchmark ICMIF member NTUC Income, a home-grown Singapore insurer, ranked first in innovation, online, and overall. In response to the benchmark, Mr Peter Tay (pictured), Chief Operating Officer of NTUC Income, said: “We are delighted to be ranked first on the Index. It is a testament to our strength as Singapore’s leading digital...

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