As mutuals step into the landscape of 2024, leading with robust, creative, and strategic planning for long-term success is paramount. The NAMIC 2022 Mutual Factor Report recently highlighted the impressive growth of the mutual insurance industry, setting the stage for mutual carriers to seize opportunities and overcome challenges in the year ahead. In this article, we explore three strategic pillars that will empower mutual carriers to navigate the remainder of the year and set the foundations for growth in 2024.

As mutual and mid-market carriers gear up for the year ahead, strategic planning and diversification strategies are among the top priorities to cement a competitive edge. To strengthen your strategic planning for the next twelve months, we’re sharing five diversification strategies that can elevate your business to the next level.

RISE (Rising Insurance Star Executives) held its second annual Leadership Summit & Awards Gala on May 23–24, 2023, in Fort Lauderdale, Florida. Industry veterans representing several disciplines within the insurance industry gathered to share their expertise and make connections with the upcoming professionals who attended.

The insurance industry has long been regarded as a stable and reliable sector, but it is not immune to the challenges of today’s fast-changing business landscape. Mutual and mid-market carriers are facing a confluence of factors that are impacting their bottom lines, including rising business costs, complex claimant needs, and the mounting impacts of inflation. As a result, many mutuals and mid-markets may be feeling stuck and struggling to get ahead. However, for those seeking to move forward, leaning on a strategic partner could be the answer to unlocking the tools and expertise needed to address these challenges.

The mutual and mid-market landscape is highly competitive, and managing costs is critical to success. To help you address cost objectives and stay ahead of the competition, we explore three tips for mutual and mid-market carriers to consider when navigating these challenges.

As the insurance industry evolves, mutual and mid-market carriers must stay on top of regulations and legislation. With new laws …