Latest News

Friday, 04 October 2019

ICMIF Supporting Member CyberScout, an industry leader in cyber insurance, data security, and identity theft protection, has been named 2019 Cyber Risk Service Provider of the Year by The Insurance Insider in the news organization's annual Cyber Rankings Awards.

The Insurance Insider serves the London insurance market and is a global source for news on the topic of global wholesale and specialty insurance and re-insurance. CyberScout says that the Cyber Rankings Award, announced at a ceremony in London (UK) this week, reinforces the organisation’s role as a global leader in the area of cyber insurance....

Friday, 04 October 2019

This week, Duuo, a digital insurance brand created by ICMIF member The Co-operators (Canada), announced the launch of Rent-my-Stuff Insurance, Canada's first on-demand digital insurance for peer-to-peer sharing platforms. Now available through Traveling Munchkin, a Canadian platform that allows parents to find and rent baby gear from local families, Rent-my-Stuff Insurance provides protection for peer-to-peer rental specific damages and losses.

Duuo says this development reflects its continued commitment to creating innovative insurance products that fit the needs of Canadians participating in a fast-paced and ever-changing...

Wednesday, 02 October 2019

Kokumin Kyosai co-op, one of ICMIF’s members in Japan has recently welcomed a new President of the organization, Mr Masami Hirota.

Mr Hirota is President and Chairman of the Board of Directors of Kokumin Kyosai co-op (National Federation of Workers and Consumers Kyosai Cooperatives, formerly known as Zenrosai or the National Federation of Workers and Consumers Insurance Cooperatives until 1 June 2019 when the organization rebranded itself). Based on the cooperative principle, Kokumin Kyosai co-op provides mutual help using insurance system called “Kyosai” in Japanese for its members. It was established in 1957 and has mainly been...

Tuesday, 01 October 2019

Today, Dutch ICMIF member Achmea has officially launched the Achmea Innovation Fund. This investment fund will provide growth capital to promising tech and other businesses, operating in Achmea’s strategic domains: health, mobility, living environments and financial solutions for now, tomorrow and later. The initial size of the fund is €100 million. The Achmea Innovation Fund focuses on promising, fast-growing start-ups and scale-ups, often based on emerging technologies in the Fintech and Insurtech sectors. The fund aims to invest in businesses with a proven product market combination (PMC) that are part of insurance-related ecosystems...

Tuesday, 01 October 2019

Speaking at the annual conference of the National Association of Mutual Insurance Companies (NAMIC, an ICMIF member), Andrea Keenan, Senior Managing Director, Strategy & Communications, AM Best, said mutual insurance companies have a built-in attraction for new talent because they are value-based organizations. Keenan spoke with AM BestTV at the NAMIC conference held in National Harbor, Maryland (USA) last week.

In the interview Keenan was asked why mutuals are so important to the fabric of society. In her reply she said: “Mutual companies are about people who get together for some sort of reason, whether it’s through beliefs,...

Monday, 30 September 2019

The Movement for Good awards, set up by specialist insurer and ICMIF member Ecclesiastical (UK), have seen a total of £1million given to charities across Great Britain this summer. Five hundred charities have already been awarded donations of £1,000 and now 10 charitable organisations will benefit from £50,000 grants.

Each of the £50,000 awards are designed to help charities take innovative projects to the next level in the fields of education, skills, arts, culture and heritage, as well as citizenship or community development. Full list of charities provided below.

In total, 98,000 people supported the Movement for Good...

Friday, 27 September 2019

Earlier this year, ICMIF shared a news story following the announcement that a group of leading US CFOs were launching the first US Chapter of the global A4S Chief Financial Leadership Network. This prestigious group includes Warren Zaccaro, CFO of ICMIF member Securian Financial. On Thursday 26 September, the the US East Coast Chapter of the A4S CFO Leadership Network celebrated its official launch with the ringing of the bell at the New York Stock Exchange with Warren attending the ceremony.

Established by the Prince's Accounting for Sustainability Project (A4S), a nonprofit founded by HRH The Prince of Wales in 2004, this...

Friday, 27 September 2019

Folksam and Swiss Re are founding members of new UN-backed asset owner alliance to drive portfolio companies to carbon neutrality by 2050

In one of the boldest actions yet by the world’s largest investors to decarbonize the global economy, an alliance of the world’s largest pension funds and insurers including ICMIF members Folksam and Swiss Re – responsible for directing more than US$ 2.4 trillion in investments – has this week committed to carbon-neutral investment portfolios by 2050.

This commitment by the newly launched, United Nations-convened Net-Zero Asset Owner Alliance was announced on 23 September 2019 at the UN...

Monday, 23 September 2019

The United Nations, Germany, the UK and the insurance industry yesterday (22 September 2019) announced a series of coordinated commitments aimed at increasing climate change resilience for the most vulnerable countries, on the eve of the UN Secretary General’s Climate Summit.

The organizations teaming up to make these commitments are the United Nations Development Program (UNDP), the German Federal Ministry for Economic Cooperation and Development (BMZ), the U.K. Department for International Development (DfID) and the Insurance Development Forum (IDF). Key delivery partnerships will build upon the already existing working-groups...

Friday, 20 September 2019

ICMIF member Swiss Mobiliar and Garaio REM, a leader in property management software, are teaming up to jointly launch a new portal for tenants and estate agents in Switzerland.

One in three Swiss households is insured by Mobiliar. To offer even more comprehensive support to its clients, Swiss Mobiliar is working to grow its position in the housing segment. It has this month announced the launch of the “aroov” renters’ portal in collaboration with Garaio REM, a property management software company in which it has a minority stake.

Digital access to real estate management

The aroov digital platform gives tenants direct...