Shaun Tarbuck, chief executive, ICMIF, said mutual insurers' future appears bright but will be tied to how well they serve their respective affinity groups.
Jeff Kingsley, partner, Goldberg Segalla, said mutual insurers are part of the wave of consolidation affecting the global insurance and reinsurance industries, but must work to help regulators better understand their unique structure.
Bill McKinney, vice president for strategy and long-term development for Thrivent Financial, said mutual insurers are racing to keep up with a fast-changing insurance environment. One tool is wider adoption of data analytics.
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.
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.
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