OLDWICK, N.J.--(BUSINESS WIRE)--In the September issue, Best’s Review speaks with mutual insurance leaders ahead of industry events. Mutual and cooperative insurers had about 26% of the world’s insurance market share in 2022, representing about $1.41 trillion in premium income, according to a report by the International Cooperative and Mutual Insurance Federation (ICMIF).
Liz Green, ICMIF’s CEO designate, discusses the state of the global mutual sector. She anticipates the additional growth of insurers owned by policyholders amid an improving regulatory climate and innovative approaches in emerging markets. Read the full story in “ICMIF Executive Anticipates Microinsurers, Improving Regulatory Climate Boosting Mutuals Globally.”
Neil Alldredge, president and CEO of the National Association of Mutual Insurance Companies (NAMIC), discusses how mutuals have tried to maintain strong community connections while they face decisions about rates and potential economic and regulatory pitfalls. Read the full story in “NAMIC Chief Executive Officer: Mutuals Strive To Maintain Mission, Identity Amid Economic Challenges.”
Best’s Review is AM Best’s monthly insurance magazine, covering emerging issues and trends and evaluating their impact on the marketplace. The complete content of Best’s Review is available here.
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