Martin Shaw, chief executive, Association of Financial Mutuals, said U.K. mutual financial organizations have seen exceptional growth since the global 2008 financial crisis.
Alec Catsuros, senior product manager - digital experience, Thrivent Financial, said consumers have come to expect quick access to products and services, which puts slower-moving insurers at a growing disadvantage.
Ana Gonzalez Pelaez, fellow, University Of Cambridge's Institute for Sustainability Leadership, said microinsurance falters in regions that lack insurance regulation because general authorities don't know how to support it.
Inga Beale, chief executive officer, Lloyd's also said that Lloyd's has tallied more than $4.5 billion in initial storm losses, with more claims to be paid as natural catastrophes continue around the world.
Adam Levin, chairman and founder, CyberScout, said insurers that take on cyberrisk are increasingly concerned about accumulation risk, causing them to look to reinsurers to offset.
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