Share on Facebook Share on Twitter Share on Google+ Share on Linkedin In this segment of a full-length interview with Shaun Tarbuck, the ICMIF Chief Executive comments on the growth in market share among Mutual Insurers, as reported by Swiss Re in a recent Sigma Report. He sees three main reasons for the expansion: Trust, Improved Marketing, and greater customer awareness of alternatives that are “mutual.” Mr. Tarbuck also address challenges Swiss Re sees for Mutuals in new ‘risk-based capital’ requirements and evolving governance standards. Mr. Tarbuck sees it as Solvency and Governance issues. He notes that Swiss Re pints to small and middle sized companies as being challenged by the risk-based capital model. He suggests “proportionality” tests should be implemented within nations based on the business models in each country. ICMIF has produced guidelines to help regulators understand the Mutual Insurance sector. With regard to Governance, Mr. Tarbuck says “Board Balance” and independence are important, as are checks balances on Board membership, and the right representation of the respective affinity group. While he notes that Mutuals around the world are at different stages in the Governance development, man are “best in breed among all insurers.” With regard to “Gender Balance”, he says Mutuals are ahead of the industry average (17%) with 21% of Mutual Board members being female, on average, and 18% of Mutuals with a female CEO. He suggests that problems in Governance are more prevalent in the shareholder-based insurance sector rather than the Mutual sector. To see the full interview with ICMIF Chief Executive Shaun Tarbusk, visit the WRIN.tv On Demand Library.