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.
Philippe De Ridder, strategic planning and intelligence manager, P&V Group, said insurers that promote staffers principally based on their expertise with insurance matters may run a risk of creating management with skill sets that are too narrow.
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.
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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