Many of our members have asked how Brexit will affect Mutuals. As Brexit continues to give the finance markets challenges and instability, Mutuals remain a trusted and stable alternative for risk management.
It is reassuring to know that the membership of our mutuals will remain unaffected and largely protected from any of the challenges that the insurance industry is facing due to Brexit.
One of the many benefits of a mutual is to give members ownership and control of their risk management of assets and liabilities. This means that our mutuals retain the majority of claims and costs within their retentions, therefore they are naturally isolated from being reliant on the traditional insurance marketplace.
In contrast to the traditional insurance market, Regis’ managed mutuals are less exposed to any volatility in the insurance marketplace that may arise from Brexit.
In this uncertain market, we can be confident that our mutuals will continue to deliver stability and choice to its members.