Keyword
mutual insurers
Mutuals group Collectivfide appoints head of M&A
July 6, 2023 by David GambrillCollectivfide Insurance Group has appointed Eric Walker as its head of mergers and acquisitions (M&A). Formed in 2019, Collectivfide’s shareholders represent mutual insurance companies in Ontario and across Canada. The company is committed to protecting the independent broker distribution channel.…
How a shared-risk approach to tech can keep mutual insurers competitive
June 5, 2023 Matthew ScottCanada’s mutual insurance industry has been around for as long as the country itself and has innovated over that time. Now it’s driving digital transformation to enable new capabilities, improve service and keep pace with market competition. These changes come…
This might drive additional insurers to demutualize
October 30, 2019 by Greg MeckbachMutual insurers that are concerned about their small size placing them at a competitive disadvantage could choose to follow in the footsteps of Economical and start the demutualization process, suggests an executive who is looking to invest about $500 million…
Long-term data strategy will allow for making the most of the information: OMIA’s Taylor
March 31, 2017 by Angela StelmakowichMutual insurers need a long-term plan to ensure they meet the twin goals of capitalizing on the opportunities that data offers and continue to staying true to serving customers, the head of the Ontario Mutual Insurance Association (OMIA) suggested Thursday.…
Combined ratio 100.3% for U.S. mutual insurers in 2015: A.M. Best
September 22, 2016 by Canadian UnderwriterMutual property & casualty insurers in the United States experienced more growth in their commercial business than in personal lines over the past five years, while improved pricing sophistication has led to lower loss ratios, A.M. Best Company suggested in…
Index-linked insurance helps reduce adverse selection: Swiss Re
September 13, 2016 by Canadian UnderwriterA reinsurance program can help mutual insurers free up funds that can be spent elsewhere, while index-based insurance can help provide coverage for business interruption not caused by property damage – such as software and electrical power failures – Swiss…