New technologies are in favor of mutual insurance companies

Magazine Issue:

Insurers facing the digital turning point [3]

Magazine date:

Jul 2016

The mutual sector continues to gain market share from traditional distribution networks.
Between 2007 and 2014, the share of mutuals in the global insurance market went from 24% to over 26%.

According to Swiss Re Sigma, the renewed interest for this type of insurance would be due to the spread of new information technologies that promotes economy based on sharing.

By using the possibilities offered by the Internet and social networks, individuals can easily communicate and form co-insurance pools.

Transparency offered by mobile technologies and connected devices creates a better control of costs and risks.

Read also:

Wed, 07/09/2016 - 15:09

Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fnew-technologies-are-in-favor-of-mutual-insurance-companies&text=New+technologies+are+in+favor+of+mutual+insurance+companies
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fnew-technologies-are-in-favor-of-mutual-insurance-companies&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/insurers-facing-the-digital-turning-point
[4] http://www.atlas-mag.net/en/article/the-traditional-economic-pattern-of-insurers-under-threat
[5] http://www.atlas-mag.net/en/article/new-technologies-as-distribution-channel