Emerging issues Archives - Page 6 of 8 - International Cooperative and Mutual Insurance Federation

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Insurance innovation under the spotlight after COP26

Thought leadership article Insurance innovation under the spotlight after COP26 The transition from a high to low-carbon economy should present (re)insurers with a broad range of underwriting opportunities and challenges. (Re)insurers, in their role as institutional investors, can help mobilise funds to support the development and scalability of new technologies needed to accelerate decarbonisation Increasingly, […]

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Flexibility is the key to the future of work at Wawanesa

Case study Flexibility is the key to the future of work at Wawanesa As the world emerges from the COVID-19 pandemic, businesses globally are considering the future of work and what this will look like for their organisations in the “new normal”. Recently, the Wawanesa Mutual Insurance Company in Canada announced its Distributed Work Program

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Helping Italian farmers adapt to climate change through innovations in insurance

Case study Helping Italian farmers adapt to climate change through innovations in insurance The Life ADA project, launched in Italy in autumn 2020, aims to increase the resilience of the agricultural sector through developing knowledge and planning tools that groups of producers and farmers can use to adapt to climate change. The project is based

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Emerging risks survey: Climate change top-ranked for business impact

Thought leadership article Emerging risks survey: Climate change top-ranked for business impact In a new survey by the Swiss Re Institute of the emerging risks and trends for the (re)insurance industry, respondents rated climate change risks, large-scale cyber-attacks and corporate sector vulnerabilities as the top three business threats for insurers. Although the COVID-19 crisis was

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Is your IFRS 17 programme surviving or thriving?

Thought leadership article Is your IFRS 17 programme surviving or thriving? IFRS 17 is not just a new way of presenting insurance industry financials, its fundamentally a process transformation programme. According to a worldwide survey by Willis Towers Watson, the total cost faced by the global insurance industry to implement IFRS 17 is estimated to

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Risk and capital management of mutuals

Publication Risk and capital management of mutuals The need for robust insurance risk and capital management has never been more important for the mutual/cooperative insurance sector to ensure that it is well-positioned to deal with the challenges triggered by the pandemic and the resultant global recession. To this aim, ICMIF and Peak Re partnered in

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Key performance indicators more meaningful under IFRS 17

Thought leadership article Key performance indicators more meaningful under IFRS 17 AM Best believes that on balance IFRS 17 will be more meaningful, transparent and consistent across territories than current financial reporting standards. IFRS 17 should better assist the universe of financial stakeholders in identifying and supporting (re)insurance activities with good economic returns and create

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Pandemic speeds up pace of insurer innovation

Thought leadership article Pandemic speeds up pace of insurer innovation Developing an innovative culture among insurers has been an ongoing challenge, but COVID-19 upended the industry’s methodically slower pace, causing insurers to act swiftly to adapt to the rapidly changing environment. However, despite the gains in creating a more-innovative culture, most companies still score at

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Flexibility is the key to the future of work at Wawanesa

Emerging risks survey: Climate change top-ranked for business impact

Is your IFRS 17 programme surviving or thriving?

Risk and capital management of mutuals

Key performance indicators more meaningful under IFRS 17

Pandemic speeds up pace of insurer innovation

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