Nick Shufro, director, sustainable business solutions, PwC said his organization is working with the insurance community to focus on better withstanding disasters and strengthening insurance coverage.
Monica Woodley of the Economist Group said mutual insurers asked about barriers to innovation responded that their own organizations may be a big barrier in promoting organizational innovation.
Insurers at the biennial conference of the International Cooperative and Mutual Insurance Federation said mutual companies are fighting to build closer relationships with members and to gain understanding from regulators.
Peter Hunt of Mutuo, a consultancy focused on mutuals, said mutual insurers are focusing on efforts to better educate regulators and governments on the needs of mutuals.
Daniel Grieger, managing partner, Twelve Capital, said new regulations in Europe and elsewhere have stifled bank lending to insurers, forcing them to explore new sources of lending and reinsurance arrangements.
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