Clear Insurance’s Post

In the first in a new series of quarterly outlook conversations between the current ICMIF CEO, Shaun Tarbuck, and CEO Designate, Liz Green, the two leaders discuss the latest news for our members and what they can look forward to in 2024. As we enter a year of transition in which Shaun will step down from his role as CEO and Liz will take over, we are keen to keep our members and external stakeholders informed about our plans for our global membership this year. These updates will share information on new initiatives/events for members, provide insightful comment on our industry, both the #mutual & #cooperative sector and also the wider #insurance industry. In this conversation, Shaun and Liz take a look at the year ahead with topics including: the ICMIF Biennial Conference 2024; our focus on “people, performance and partnerships”; regulation and how ICMIF supports members in this field; and the benefits of supporting the ICMIF Foundation. Watch the video: https://lnkd.in/eY63R6YJ #Insurance #Mutuals #MutualInsurance #OnlyAtICMIF #ConnectingMutualsGlobally #PurposeDriven #CollaboratingWithPurpose

𝗜𝗻 𝗧𝗵𝗲 𝗡𝗲𝘄𝘀: 𝗕𝗹𝘂𝗲𝗖𝗿𝗼𝘀𝘀 𝗕𝗹𝘂𝗲𝗦𝗵𝗶𝗲𝗹𝗱 𝗼𝗳 𝗩𝗲𝗿𝗺𝗼𝗻𝘁 𝗙𝗮𝗰𝗲𝘀 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗖𝗿𝗶𝘀𝗶𝘀 BlueCross BlueShield of Vermont (BCBSVT), holding a 66% market share in the state, is on the brink of insolvency due to declining reserves. Vermont's Department of Financial Regulation is working to ensure the insurer remains solvent. BCBSVT highlighted a significant increase in healthcare claims and past underwriting losses as key factors in their financial instability. The insurer is now seeking an additional $20 million for its reserve fund to maintain operations and protect policyholders. Efforts are being made to address this urgent financial situation to ensure continued access to healthcare for Vermonters. Reporting by Burlington Free Press #Healthcare #Insurance #FinancialCrisis #BCBSVT #Vermont #HealthInsurance #BCBS

Thanks to Tom Kenny and his team for hosting a great round table discussion today with input from a broad range of experts on social care. Any solution must begin with an open and honest conversation with the public around how social care is commissioned and funded, including clear explanations as the the reasons leading to the demand vs supply issue we face today. Furthermore, we need to ensure those in need of care and their unpaid family carers, legal and professional representatives get access to timely, accurate information, guidance and signposting to reputable professional services so that they may more easily navigate their care journeys, no matter where they live in the UK. It is my belief that in order to become more visible it seems that the first step is to increase public awareness around the nature and extent of the crisis, its causes and the options open to us all, but to make this more personally relevant. Most of us will need social care and/or become a carer to an older adult in our family or community at some point in our lives. #care #socialcare #carereform #carefunding #mycarehub

🚀 Exploring Barriers to Deploying Impactful Social Innovation Schemes 🌍 In the dynamic landscape of social innovation, identifying barriers is key to fostering meaningful change. 🛑 Some learnings from our last cross-sectoral impact roundtable: 1️⃣ Absence of Safe Spaces: Limited environments for safe learning and testing impede progress. 2️⃣ Lack of 'People at risk'- Centric Models: Insufficient involvement of individuals at risk from the design to the deployment. 3️⃣ Lack of Supportive Ecosystems: A broader, nurturing environment is essential for sustainable innovation. 4️⃣ Low-Risk Appetite: Fear of failure inhibits bold experimentation and progress. 5️⃣ Trust Deficits: Establishing trust among partners is crucial for collaborative efforts. 6️⃣ Cultural Differences: Diverse cultural backgrounds may pose challenges in aligning objectives & strategies. 7️⃣ Time Constraints: Limited time frames hinder the development and execution of innovative projects. 8️⃣ Accessibility Issues: Inaccessible distribution models limit the reach of impactful solutions. 9️⃣ Win-Win Alliances: Opportunities for mutually beneficial partnerships are often underexplored. 🔍 What barriers do you encounter in deploying social innovation schemes? Let's discuss and strategize for a brighter, more inclusive future! #SocialInnovation #Collaboration #ImpactDriven #insurance Lauren Miller Anne-Helene Sinha Teyssedre Lorcán Hall Emily Gardner Georgina G. Wendy Wilder Amanda Powell-Smith Laura Turkington Natalie Rathner York von Falkenhayn Jack R. Claudia Kosicka Tom Hardcastle Matt Haworth Annie Johnson Flynn Lebus Danilo Raponi

As World Well-being Week unfolds, let's champion a comprehensive approach to well-being, embracing robust physical health, resilient emotional fortitude, and sound financial well-being. Together, let's forge a path towards a brighter, more balanced future for all. #WorldWellBeingWeek #Positivity #WellBeing #UnionAssurance #Insurance #LeadingLifeInsurer #FinancialPlanning #SriLanka

Rising insurance costs are presenting many #AffordableHousing agencies with an existential crisis, forcing them to choose between paying premiums and keeping staff. One way the Community Opportunity Alliance has responded is to “bring local voices forward,” sharing the real-world impacts before a wider audience. More on a new #ChangeMakers >>> http://ow.ly/iVtA50Fq0BN #QuadelChangeMakers

Martin Reeves from Equitable Life of Canada shares his experience transitioning from a shareholder-owned company to a mutual insurer. He highlights how Equitable Life's singular focus on client needs creates a unique and rewarding work environment. Martin describes the client-first work ethic at Equitable Life, where decisions are made to benefit policyholders rather than shareholders. Watch the episode to discover the advantages of mutual insurance and how it fosters a better experience for policyholders. Exploring the Stability and Long-Term Benefits of Mutual Insurance with Martin Reeves https://lnkd.in/gUGEyFun #WWBS #RichardCanfield #MartinReeves #ActuarialScience #MutualInsurance #LifeInsuranceInsights #InsuranceIndustry #RiskManagement #FinancialPlanning #PolicyholderBenefits #InsuranceEducation #WealthProtection #ClientFocused #InsuranceExpert #InsuranceTalks #FinancialSecurity #InsuranceAdvice #PolicyholderAdvantage

Take action #TataAIA #lifeinsurance

Such an amazing end to the Global Access week at RPC. This morning I met Lord Peter Hain who is also a Pretorian and played an integral part in the Good Friday Agreement. It was an absolute pleasure to spend some time with him. I also met the most inspiring insurance colleagues from Australia, the Netherlands, the USA and Canada. One key take away from this week which really has me thinking is - are lawyers good mediators or are we wired to be litigators? Let me know what you think. #insurance #insuranceindustry #insurancecoverage #global #globalaccess #mediation #alternativedisputeresolution #insurancelaw

Getting the chance to spend a few days in another CNA Hardy office is always a highlight, because we have some pretty awesome people. They're warm, collaborative and are experts at what they do. These are my top tips for working away from your home office. - Bring your authentic self to your new workspace. - Spend some time getting to know your colleagues. Don't rely on pre-booked meetings only. Have conversations and connect on a human level. - Be interested... I mean genuinely interested. Listen to what is said and what is implied. Ask questions respectfully and as appropriate. - Pivot and try again: If something isn't working, change your approach. Think about the person, the place, the circumstance and adjust your style accordingly - Have fun! Work doesn't have to be 'same-y' and uninspired. A sprinkle of laughter (be mindful of colleagues doing focused work or on MS Teams calls) can go a long way. Feel free to add some tips of your own. #SharingisCaring Massive thanks to Emma Vickers, Daniel Millar, Daisy Massingham, team Norwich and Amy Doherty for being absolute legends! #WorkLife #OfficeCulture #WorkTips #Collaboration