A mutually exclusive proposition

Europe's mutual insurers are facing up to the challenges of Solvency II and demutualisation. Blake Evans-Pritchard reports

lp-1106-03-gif

Europe's mutual insurance sector is on the defensive. By retaining profits and sharing them amongst policyholders, mutual insurers claim to provide customers with a better deal. With historical roots and deeply held social principles, they defend mutuality with almost religious zeal.

To convert from a mutual into a stock company is to take on the status of pariah, shunned by one's former peers who view the new stakeholders in the company with terminal suspicion. After all, the very raison d'etre

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here