ICMIF

ICMIF member Co-operators recently connected with Insurance Business Canada Magazine to discuss how life insurance advisors can connect with #GenZ and #Millennial clients to bridge gaps in their life insurance coverage. Check out the full article here:

ICMIF member Thrivent has set a total payout of $564 million in dividends and policy enhancements to its members in 2025. This payout will mark a three-year streak of delivering record-breaking dividends and non-guaranteed policy enhancements, returning more value to Thrivent clients than ever before.

According to the new "ICMIF Members Sustainability Report", members who responded to our annual sustainability survey reported that, collectively, over USD one trillion of their investments are aligned to #SustainableInvestment frameworks. https://lnkd.in/e6JMtgAH The report shows that ICMIF members are collectively investing USD 1,027 billion in sustainable investment frameworks, including #greenbonds, #socialbonds and #resiliencebonds, many of which target #climatechange and its effects. Mutual and cooperative insurers represent over 26% of the world’s insurance market and USD 10.4 trillion in assets. The report highlights ways in which ICMIF members are continuing to lead by example in terms of sustainable investments. #Insurance #Mutuals #Cooperatives #Mutuality #MutualInsurance #ResponsibleInvestments #SustainableInvestments

In our latest guest blog “The UK and France: A joint perspective on mutuality”, Steven Hill, Head of Policy, Royal London (UK) and Xavier MICHEL, Public Affairs Director, Aéma Groupe (France) highlight the essential role played by mutual players in the economy and society of the countries in which they operate. Read the blog: https://lnkd.in/egNpau8E Mutual entities in both France and the UK face similar opportunities and challenges, mainly because of their shared characteristics. At a time when consumers everywhere want companies to act more responsibly, the centuries-old model of mutuality, where firms are driven by a strong sense of purpose and can take a longer-term perspective, has arguably never been more relevant. 2024 has witnessed significant political upheaval in both the UK and France. And while it would be inaccurate to claim that mutuality has been at the forefront of political discourse in either country, it is certainly the case that mutuals have an important role to play in helping to deliver sustainable economic growth in both countries, with the benefits this generates for wider society. Royal London and Aéma Groupe recognise the need for mutuals to be involved in shaping and influencing public policy developments for the benefit of their members. Separately, both organisations published manifestos earlier this year, seeking to promote the role of mutuality in addressing economic and social challenges. In the blog, the two authors consider how mutuals can help shape public policy in a positive way over the next decade. Read the blog: https://lnkd.in/egNpau8E #Mutuals #Mutuality #Cooperatives #MutualInsurance #OnlyAtICMIF #ConnectingMutualsGlobally #SocialEconomy #SSE #Insurance 

Last chance to register to join us for our next #ICMIFwebinar on “Holistic balance sheet management: supporting insurers’ strategic objectives” with Supporting Member Guy Carpenter, taking place Thursday 31 October, 3pm-4pm GMT (UK time).   ICMIF members, this is your last chance to register to join us for this insightful, exclusive webinar with Yuriy Krvavych, Managing Director – Risk Intelligence & Strategic Advisory, Guy Carpenter (UK) and William Gibbons, Principal – Insurance Investment, Mercer (UK) as they discuss how implementing holistic balance sheet management (HBSM) can help mutual and cooperative insurers achieve their strategic objectives. They will look at ways to address the challenges and constraints posed by the current landscape and explore efficient ways to overcome them. Don't miss this opportunity to gain insights from industry experts in holistic balance sheet management. Please click the link for details on how ICMIF members can register for this insightful webinar. https://lnkd.in/eDw2GZ4q #Mutuals #Cooperatives #Insurance #ConnectingMutualsGlobally #OnlyAtICMIF #ICMIFWebinar #HolisticBalanceSheetManagement #HBSM 

With just two weeks to go before the global #mutual and #cooperative #insurance sector convenes in Buenos Aires for the 2024 ICMIF Biennial Conference, CEO Designate Liz Green shares her thoughts on the main challenges and opportunities that lie ahead for our sector. In her blog “Thinking globally for mutual success”, Liz discusses how, as a global network for like-minded insurers, ICMIF fosters collaboration and exchanges amongst our member organisations to leverage unique strategic advantages, embrace transformation, and uphold operational excellence, paving the way for a resilient, inclusive, and thriving future for the mutual and cooperative insurance sector. Read the blog: https://lnkd.in/e_wcQWqs Nowhere will this be more evident than at the forthcoming ICMIF Conference in Buenos Aires (Argentina) which takes place 12-15 November 2024. This will be the largest gathering of mutual and cooperative insurance leaders from across the world, and we are excited to offer inspirational presentations, provocative panel discussions, and unrivalled peer-to-peer networking opportunities for our members. We already have over 370 delegates registered to join us but we hope to welcome more and invite you to register to join us at our flagship event and learn more about how we can shape a future where mutuality really will thrive. Learn more and join us: https://lnkd.in/eEfgG_D5 #CollaboratingWithPurpose #ICMIFConf2024 #OnlyAtICMIF #ConnectingMutualsGlobally #Insurance #Mutuals #Cooperatives #MutualInsurance #PurposeDriven #Purpose #Resilience #Sustainability #People #Partnerships #Performance 

ICMIF member IPB Insurance has announced its sponsorship of the newly launched Road Safety Matters Transition Year (TY) programme, developed in collaboration with the Road Safety Authority (RSA) and An Garda Síochána (Ireland’s National Police and Security Service). This important initiative aims to promote safer road use among young people across Ireland. Speaking about IPB’s involvement, John Hogan, Chair , expressed his enthusiasm for supporting the programme: “We are excited to be partnering with the RSA as official sponsors in support of our local authority and Education and Training Board (ETB) Members. Encouraging our young people to become road safety aware is very important to us.” This sponsorship aligns with IPB’s ongoing commitment to fostering partnerships that create a positive societal impact, particularly in the area of road safety.” Tom Keane

ICMIF member Sygeforsikringen "danmark" donates part of its investment surplus to health care projects via Sundhedsdonationer and has supported Danish health research, prevention and information since 2020. This support is now being extended to the Det Kærlige Måltid (The Loving Meal) organisation which prepares meals for families affected by life-threatening illness or trauma. The meals are prepared by young volunteers in Aarhus, Aalborg and Odense, after which they are packed and delivered directly to the families. With financial support from Sundhedsdonationer, The Loving Meal has opened a branch in Odense, which today consists of 66 volunteers - including 45 young people, who have delivered 4,500 meals since 31 January 2024.

ICMIF Supporting Member, Gallagher Re, has released its Q3 2024 Natural Catastrophe and Climate Report, summarising preliminary global loss totals and major catastrophe events that occurred during the first three quarters of the year. The report highlights that global natural catastrophe activity through the first nine months of 2024 remained active, with minimum economic losses of USD 280 billion. This figure is slightly below the 10-year Q1-Q3 average of USD 309 billion, reflecting near-average financial impacts for the insurance industry. Notably, the report does not yet include losses from Hurricane Milton, which struck Florida in early October and is expected to significantly add to the year’s totals in Q4. #Insurance #Reinsurance #NatCat #CatastropheReport

ICMIF member Simplyhealth has announced the launch of a new digital mental health service in partnership with Spectrum.Life. The service aims to provide fast and accessible mental health support to all Simplyhealth’s 2.5 million customers across the UK, addressing the growing mental health challenges in the workplace. Mental health issues have become one of the leading causes of sickness absence, with Simplyhealth research revealing that 21% of employees took time off for mental health problems in the past year, averaging nearly six days of absence per employee. Tina Kennedy, Director of Product, Simplyhealth (United Kingdom), said: “We are passionate about reducing barriers for our members seeking mental health support. Digital-first healthcare solutions provide quick access that fits into their lives, helping to prevent issues from escalating and supporting workplace performance.” The digital mental health service allows users to choose their preferred counsellor based on factors such as availability, expertise, and personal preferences, ensuring a personalised experience. Stephen Costello, Chief Executive and Co-founder, Spectrum.Life (Ireland), expressed his enthusiasm for the partnership: “Together with Simplyhealth, we are offering comprehensive, accessible solutions that empower individuals to take control of their mental health when they need it most.” #MentalHealth #DigitalHealth #HealthServices