Many claims issues arising from catastrophe losses are common to the insurance industry, but for mutual insurers some are much more acute, according to Barry Costi-Mouyia, technical claims director of Willis Re, at the 2013 International Cooperative and Mutual Insurance Federation (ICMIF) Claims Seminar on Tuesday.

“Mutual insurers’ policyholder memberships are typically drawn from similar homogenous groups. These concentrations can lead to the impact of catastrophes being felt more sharply,” Costi-Mouyia said. “The commitment of mutuals to their customers is never more needed by members than in the aftermath of a major catastrophe."

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access