Jonathan Evans, MP, is a keen supporter of the mutual insurance sector. Jonathan was the keynote speaker at the ICMIF Solvency II Solutions Seminar which took place in May 2012. Talking to ICMIFTV after the event Jonathan said that there would be real benefits for mutual and cooperative insurers coming out of Solvency II implementation. There will be better risk management and governance in the mutual sector.
Jonathan highlights how the new UK coalition government has recognised the importance of the mutual sector and wants to adopt policies that will encourage mutuals. He points out the importance of the financial mutual sector across Europe as it accounts for over a quarter of the overall insurance activity in the region. Jonathan believes that it is key that politicians, the sector and regulators recognise the importance of the mutual sector with regard to Solvency II.