Hilde Vernaillen, chairwoman, International Cooperative and Mutual Insurance Federation, said many insurers are limited in their home markets by legacy technology.
Martin Shaw, chief executive, Association of Financial Mutuals, said U.K. mutual financial organizations have seen exceptional growth since the global 2008 financial crisis.
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.
Nektaria Bessa, administrative and development director, Syneteristiki Insurance, said customers of mutual insurers typically have much in common, but companies must be careful about protecting data or risk losing customer trust.
Copyright © 2017 A.M. Best Company, Inc. and/or its affiliates ALL RIGHTS RESERVED.
