Banking and Insurance

We are delighted to announce that Peter Skinner, MEP and Rapporteur for the European Parliament for Solvency II and EIOPA and long-time member of the Economic and Monetary Affairs Committee (ECON), will join Jonathan Evans MP, in a lively debate from both a national and European viewpoint on the opportunities and challenges that Solvency II presents during the forthcoming ICMIF Solvency II Solutions seminar on May 24, 2012. For ICMIF members this is the ideal opportunity to learn about the ...

Cooperative giant Iffco’s venture Iffco-Tokio General Insurance has appointed Yogesh Lohiya as managing director and chief executive. Lohiya, who succeeds S Narayanan, will assume the post on Wednesday. Prior to joining Iffco-Tokio, Lohiya was chairman and managing director of General Insurance Corporation of India. Iffco-Tokio General Insurance is a joint venture between Indian Farmers Fertiliser Co-operative (Iffco) and its associates holding 74 per cent stakes and the largest Japanese ...

The second volume of the Microinsurance Compendium has recently been published by the Microinsurance Innovation Facility (part of the International Labour Organisation – ILO) and the Munich Re Foundation. The latest Compendium examines recent developments and achievements in the microinsurance sector.  This volume brings together current thinking of many leading academics, actuaries, and insurance and development professionals in the microinsurance field. Since the publication of the ...

ICMIF Supporting Member, Willis Re, the global insurance broker, has released a report discussing the challenges and opportunities available to mutual insurers through diversification. The report, subtitled Navigating the Pitfalls in Pursuit of Successful Diversification, examines, through discussion and the use of case studies, how the unique characteristics of mutual insurers mean that some are being encouraged towards diversification by regulators and rating agencies, and considers some of ...

The National Consumer Disputes Redressal Commission has upheld the Maharashtra State Consumer Commission’s order asking the IFFCO-TOKIO general insurance unit to pay nearly Rs.30 lakh to the Bombay based company -the Prime Health Care Product. It is worth noting that the Bombay firm had suffered great losses due to a godown made completely unserviceable by saturation with water and insured by IFFCO-TOKIO. IFFCO-TOKIO’s argument before the Maharashtra Consumer Commission ...

During the forthcoming Solvency II Solutions event for ICMIF members, Thursday, May 24, Invesco’s Chief Economist, Dr John Greenwood, will update delegates on his latest Economic Outlook and will expand on this to look at the potential impact on capital markets from Solvency II. This session will explore how these changes may impact the insurance sector, both from a credit and asset allocation perspective. It will also discuss issues and risks from an investment standpoint for the insurance ...

Cooperative and mutualist researchers are invited to respond to two calls for scientific papers, the deadlines for which are fast approaching. In 2012, two international organizations will be holding major events at which they will be presenting scientific papers: - The European Association of Co-Operative Banks (EACB) will hold their 5th convention in Belgium in December. - The New Zealand Association for the Study of Cooperatives and Mutuals (NZASCM) is organizing a research conference to be ...

Thrivent Financial for Lutherans is one of most recent organisations to join ICMIF. The organisation has just been recognised for its demonstrated leadership in ethical business practices by being selected as one of the “World’s Most Ethical Companies” for 2012 by the Ethisphere Institute. Thrivent Financial was named to the prestigious list as a result of its leadership in promoting ethical business standards as well as for introducing innovative ideas to benefit the ...