ICMIF’s Post

ICMIF Supporting Member Peak Re has announced the key findings of its flagship 2024 Asia Middle-Class Consumer Survey. In the 2024 study, Peak Re focused on the role of family, the need for old age care, the rising importance of the women consumer groups, the importance of home insurance and consumers’ experience with #insurance claims. This is the third edition of the survey, and Peak Re says the report delves into the detailed dynamics of risk and insurance behaviour/preferences and it contains valuable insights for insurers who are looking to cater for this growing middle-class market. Franz-Josef Hahn, Peak Re’s Chief Executive Officer, said: “This survey underscores our commitment to bringing resilience and supporting economic growth for the middle class in emerging Asia. By helping the industry better understand their needs, we aim to provide innovative solutions and contribute to the sustainability of these communities and beyond.” #ConsumerSurvey #InsuranceIndustry #MarketInsights #AsiaMiddleClass #CommunitySupport Arina Tek Clarence Wong

Thank you to Frédéric Nguyen for this wonderful update. It's always great to see ICMIF member connecting with each other - and even more so when it occurs between different regions across our global network. It sounds like a great visit by Frédéric to two of our leading Japanese #kyosai #cooperative #insurance organisations, which were hosted well by the Secretariat AOA. #OnlyatICMIF #ConnectingMutualGlobally

We're delighted to be taking part in the 'Accelerate Sustainability' event for insurance professionals tomorrow, 1 October, in London with Better Insurance Network. One critical topic in the agenda is the business case for insurers making a more tangible impact on the UN #SustainableDevelopmentGoals - and how this creates a huge opportunity to open up new insurance markets. ICMIF CEO Shaun Tarbuck and Alicia Montoya of Swiss Re Institute will join MS Amlin's Amir Sethu (FCA) in a panel moderated by Lorcán Hall (SDG Academy) to talk about the game-changing new ICMIF-calibrated Insurance SDG Calculator developed by ICMIF and Swiss Re Institute. The day also includes sessions on climate risk, the role of AI, harnessing data for innovation, and accelerating the scale up of clean tech, as well as innovation case study presentations. #SustainableInsurance #Insurance #Innovation #Sustainability #Risk #Underwriting

We are very pleased to share our latest CEO interview with the leader of an ICMIF member organisation. The latest interview is with Sébastien Dupuis, President and CEO of Assomption Vie l Assumption Life, based in New Brunswick in Canada. Sébastien leads a mutual insurer that has navigated over 120 years of history with a clear focus on innovation, cultural transformation, and people-centricity. This interview delves into the strategic pillars driving Assumption Life's success, while sharing insights into how the company fosters a collaborative environment, encourages creativity, and adapts to the rapidly changing insurance landscape. Sébastien also discusses Assumption Life’s approach to leveraging digital tools, enhancing the client experience, and staying competitive as a smaller mutual insurer. ICMIF members can access this case study via the ICMIF Knowledge Hub - or via the link below. #OnlyatICMIF #LeadingwithPurpose #mutualinsurance #mutual #insurance #mutualdifference #leadership #CEO #innovation #culturaltransformation #people #clientexperience #mutuality #legacy #digitaltransformation Michel Allain Thomas Raffy https://lnkd.in/eGfq2kWd

Rio Uruguay Seguros (RUS) in Argentina has become the latest ICMIF member to join as a member of the United Nations Environment Programme Finance Initiative (UNEP FI), signing the Principles for Sustainable Insurance (PSI). There are currently 20 ICMIF member organisations that are signatories of the PSI, plus ICMIF itself, which is a Supporting Institution for the PSI. The PSI Initiative is the largest initiative between the United Nations and the global insurance industry with close to 300 members around the world. By joining the PSI, RUS hopes to address ESG risks, and contribute through its activity to sustainable development. At the upcoming ICMIF Biennial Conference #ICMIFConf2024 in Buenos Aires, Belén Gómez from RUS will present in a session on "Sustainability for better performance" that looks at how, for many mutual/cooperative insurers, sustainability is more than adopting sustainable practices to drive positive environmental and social change – it is also good for business. Belén's presentation will focus on how RUS has created business value from embedding a sustainability strategy, in terms of opportunities for product innovation and optimisation, better risk management, and a more resilient operating model. #SustainableInsurance #NetZeroInsurance #PrinciplesofSustainableInsurance #PSI #UNEPFI #sustainability #insurance #cooperative #mutual #ESG #SDGs Juan Carlos Godoy Butch Bacani Betina Del Valle Azugna https://lnkd.in/epizNTTg