Latest News

Tuesday, 12 July 2011

Desjardins Financial Security (DFS), a Canadian member of ICMIF, has recently launched a new “Health is Cool 360º” platform which will give their members access to information on a wide range of healthcare issues.

Members will be able to access a vast range of health information via the internet, through healthcare specialists and by telephone. The information available will include treatment options, local healthcare services, an online medical library, healthcare guides related to specific illnesses and users will have a custom solution provided for them to respond to their individual enquiries.

The new Health is Cool 360º...

Thursday, 07 July 2011

The Professional Provident Society (PPS) celebrates its 70th anniversary on July 8 of this year. PPS, the specialist financial services provider for graduate professionals, attributes this significant milestone to the loyalty and trust of its valued members, intermediaries and employees, deeming it a reflection of the unwavering strength, commitment and service that it has offered over the past seven decades.

PPS was founded as The Professional Provident Society of South Africa, in Johannesburg, on July 8, 1941, by a group of eight dentists. Today, the company boasts well over 200,000 members with offices in all major South African...

Monday, 04 July 2011

French mutual insurance provider and ICMIF member, La Macif, has recently launched an online game which is free of charge and aimed at educating children aged between 5 and 10 years of age about safety in the home and how to avoid everyday dangers.

Accidents in everyday life are the main cause of deaths of children aged 15 years or under in both France and across Europe. Educating children from as early an age as possible about the dangers that exist in the home is therefore very important and it is for this reason that La Macif has introduced this new game “Les Domosores”.

The game is fun and very easy to play. The child...

Thursday, 30 June 2011

During discussions last week The Council of the European Union proposed the delay of the final Solvency II deadline until January 1, 2014. Current plans for Solvency II rulings mean that insurance companies across Europe should conform to the new regulations by January 1, 2013. The issue over whether or not the industry can be ready to implement Solvency II by that date has been debated at length for some time now.

The Council of Europe last week discussed the proposal to delay the implementation date in order to give insurance companies across the European Union more time to meet the deadlines. This would mean that, throughout...

Monday, 27 June 2011

This year’s ICMIF/Americas Annual Conference will take place in San José, Costa Rica from August 17-19, 2011 and will focus on how the cooperative and mutual insurance model offers “A Better Way of Doing Business” and all ICMIF members are welcome to attend.

Cooperative and mutual insurers conduct business through a unique relationship with the client/owner and, to function well, the model demands both participation and leadership – be it from the general manager, board of directors, staff or the client/owners. To explore this theme, the conference concentrates on four major topics addressing key challenges facing the cooperative...

Thursday, 23 June 2011

Canadian ICMIF member The Co-operators has been ranked ‘number 1’ of the Best 50 Corporate Citizens in Canada by the Corporate Knights organisation which dedicates itself to the promotion of responsible business practices in Canada. Corporate Knights produce an annual ranking of organisations based on environmental, social and governance information which can be found in the public domain.

"We are honoured to be named the top corporate citizen in Canada," said Kathy Bardswick, President and CEO of The Co-operators. "Making a positive contribution to Canadian communities is a priority of ours, as it is for cooperatives across the...

Monday, 20 June 2011

The United Nations International Day of Cooperatives takes place each year on the first Saturday of July, this year’s date will be July 2. The International Co-operative Alliance (ICA) also holds their International Co-operative Day on this date.

This special day highlights the work of the cooperative movement to resolve global issues which are being addressed by both the cooperative movement (including the ICA) and the UN. The theme for each UN International Day of Cooperatives is chosen by the Committee for the Promotion and Advancement of Cooperatives (COPAC) and the theme this year is “Youth, the future of co-operative...

Tuesday, 14 June 2011

A.M. Best has chosen to maintain its stable ratings outlook for the global non-life reinsurance industry as companies are beginning to see pressure in the market for rate increases.

Following the Tohoku earthquake and tsunami in Japan, research has shown that reinsurers are already beginning to increase rates and are now expecting a firmer market going forward. Collective losses from other recent catastrophes such as the Christchurch earthquake in New Zealand and the floods in Queensland Australia have made reinsurers adopt capital conserving strategies whilst simultaneously pushing for higher rates.

As a result of the scale...

Thursday, 09 June 2011

ICMIF member La Segunda recently announced the opening of a prestigious new corporate building in Rosario, Argentina. The building was officially opened in February this year. The opening was attended by the Governor of the Santa Fe Province, Dr Hermes Binner, the Mayor of the city of Rosario, Dr Miguel Lifschitez and the General Manager of La Segunda Group, Señor Alberto Grimaldi and the Chairman of the Board, Señor Hugo Tallone (pictured right). La Segunda is ranked among the top ten comprehensive insurance providers in Argentina and has more than one and a half million policyholders.

Also at the opening event were two other...

Thursday, 02 June 2011

The Philippine insurance market has experienced some challenging times in the last few years but there is a renewed optimism that the industry could grow significantly in 2011. The life insurance market is showing an improvement in premiums written while the non-life sector is benefiting from the compulsory take-up of third party motor insurance as well as a renewed spending on construction.

The Philippine market has grown successively since 1999 but after growth fell to 1.1% in 2009 it has since rebounded considerably to post growth of 7% in 2010 and there is now renewed hope that the growth rate can continue this year.