Latest News

Friday, 17 April 2020

Singapore-based ICMIF member NTUC Income (Income) has recognised that the COVID-19 pandemic is impacting lives socially and financially in unprecedented ways. During this period, the cooperative insurer says, customers have reached out to Income for relief and they understand that there’s a strong desire amongst customers to retain insurance commitments and cover. Income has therefore responded with seven Income Support Schemes so that its customers have choice and flexibility in choosing the type of support that best suits their financial circumstance.

From Income-funded schemes that are meant only for customers who are low-...

Thursday, 16 April 2020

LocalTapiola Central Finland, one of ICMIF member LocalTapiola's regional companies, has donated EUR 200,000 to the University of Jyväskylä for the development of coronavirus test analysis. The donation will significantly increase Finland’s coronavirus testing capacity, as the situation evolves.

The donation will increase PCR testing, the most commonly used coronavirus tests currently in Finland, which can be used to reliably verify coronavirus disease immediately, regardless of the stage of the disease. Tests can be used to verify, for example, the exposure of healthcare professionals to coronavirus. “As a life insurer, we...

Thursday, 16 April 2020

The coronavirus lockdown being faced by many people around the world may slow down the spread of the virus, but after two weeks it may lead to symptoms of anxiety and even post-traumatic stress disorder. In response to this, Belgium ICMIF member P&V Group has supported the development of Everyone OK?, a free online psychotherapeutic intervention tool that lowers stress levels and identifies serious mental health problems.

The intervention tool is an initiative of the Ally Institute, headed by Prof. Elke Van Hoof, a clinical psychologist and an authority in the fields of stress, burn-out and trauma. Van Hoof has been guiding...

Thursday, 16 April 2020

Following the announcement of a further lockdown in the Philippines until April 30 in response to the COVID 19 pandemic, ICMIF member 1CISP (1 Co-operative Insurance System of The Philippines) is continuing to support employees and members through these difficult times. President of 1CISP, Roy Miclat, says “I always believe that how you treat your employees is how they will treat your customers, which is why at this time of crisis 1CISP assures that employees will continue to receive their salary and benefits in full”.

Despite the lockdown, employees are working from home and using online apps and services to communicate with...

Thursday, 16 April 2020

In the face of the evolving impact of COVID-19 and concerns rising over the financial impact of this crisis, ICMIF member MDA National (Australia) has announced a premium relief support package for its members and extended medical indemnity coverage for student and retired practitioners that assist with the pandemic.

During these extraordinary times, MDA National says its immediate priority is to provide timely, practical and clear medico-legal support and advice so that their medical practitioner members can continue to work tirelessly to provide outstanding patient care and practise with confidence in response to COVID-19.

Wednesday, 15 April 2020

In response to the coronavirus pandemic, ICMIF member San Cristóbal Seguros (Argentina) has launched a virtual medical platform for its policyholders.  This new digital channel deals with clinical and paediatric medical consultations helping relieve the workload of medical centres.

The service offers medical consultations by videoconference and if required, immediate attention from qualified clinical doctors and paediatricians, 24 -7.

The new service helps resolve simpler, medical consultations that do not require a physical examination. It is estimated that video medical consultations can solve 8 out of 10 cases...

Wednesday, 15 April 2020

ICMIF member Shelter Insurance (USA) has announced that it will return 30% of monthly premium to personal auto customers that have been affected since the outbreak of the coronavirus pandemic. The company also announced that it would be donating a total USD 1.5 million to help local communities in the 15 states that Shelter serves.

Many of Shelter’s customers in the US are under unprecedented stay-at-home orders and social-distancing mandates due to the coronavirus, and so are driving fewer miles and experiencing fewer accidents. In the interest of providing help to their customers now, when they...

Wednesday, 15 April 2020

ICMIF member Unipol Group (Italy), through its insurance business UnipolSai Assicurazioni, has announced that it will repay one month’s premiums to its 10 million motor liability insurance policyholders. This is estimated to total EUR 300 million in premiums returned to customers to help them cope during the Covid-19 emergency period.

UnipolSai announced that this important initiative in support of their customers would be shared via a new two-week TV advertising campaign, “Un mese per te” (One month for you), starting from Sunday 12 April.

In a press release, the company said: “We had to stop. Everyone. For a month we have...

Tuesday, 14 April 2020

ICMIF member CLIMBS Life and General Insurance Cooperative (CLIMBS) in the Philippines has initiated a number of actions to support its members, employees and the general public during the COVID 19 pandemic. CLIMBS CARES (Community Action Response and Emergency Services) was launched to assist communities in the distribution of potable drinking water and sanitation purposes, including a hotline for its cooperative members and the general public.

An initial 2 million Philippine Pesos (approximately USD 40,000) has been donated by CLIMBS to help provide much needed Personal Protective Equipment (PPE) to frontline medical staff...

Tuesday, 14 April 2020

When considering the spread of the COVID-19 pandemic in India local ICMIF member The DHAN Foundation observed two major impacts in Indian society. One was on health of the individuals that were affected by the COVID-19 virus and the other was the impact on the livelihoods of poor and marginal workers, mostly daily wage earners and small/micro entrepreneurs.  The DHAN Foundation works at the grassroots level in India and the organisation says it is driven to help to connect this community to ways it can get help via the entitlement program from the Indian Government and they also want to help support the poor to revive their lives...