From protection to prevention: The role of cooperative and mutual insurance in disaster risk reduction
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In November 2019, the International Cooperative and Mutual Insurance Federation (ICMIF) and the United Nations Office for Disaster Risk Reduction (UNDRR) began a multi-year collaboration to help
address the urgent challenge of reducing disaster risks in the midst of an expanding and intensifying global risk landscape.
Specifically, the collaboration aims to clarify the practical aspects of enabling a shift within the insurance industry from a focus on providing risk transfer products and services as a means to protect the insured from disaster risks, to an emphasis on prevention through disaster risk reduction (DRR) incentives, awareness, capacity and financing. With a member-driven operating model, the cooperative and mutual insurance sector is uniquely positioned to take a lead in charting a practical path
Growing recognition of systemic pricing failures across financial services adds to mounting pressure on life insurers
Growing recognition of systemic pricing failures across financial services adds to mounting pressure on life insurers
In what is becoming an all-too-familiar story, yet another sector of the financial services industry has been identified as giving new customers a better deal than its long-standing, loyal ones.
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This time it is Australia’s mortgage lenders that have come under the regulatory microscope, with the Australian Competition and Consumer Commission (ACCC) inquiry into home loan pricing finding that borrowers with existing home loans are charged significantly higher interest rates than new home loan customers.