Mutuals should adapt or become irrelevant
Friday, 07 15 2016, Category: Insurance and Reinsurance, Country: Europe
European mutual insurers have reached a point where they must embrace change or face possible irrelevance in the market, claims AM Best in a new report.
The report looks at the strategic considerations faced by European mutual insurers, including consolidation, governance, recognition of the need to innovate and capital optimisation.
Ghislain Le Cam, associate director and co-author of the report, said: “Mutual insurers have historically proved to be resilient thanks to their solid links with affinity groups and member-based organisations”.
Source: Intelligent Insurer