Why de-mutualisation is bad for consumers, and how it will affect the UKGI market

Unhappy Customer

With LV= revealing it was considering the sale of its remaining life and pensions businesses, Insurance Times takes a look at the implications of wider de-mutualisation for policyholders, and what it means for the future of insurance

If you look back 50 years, the UK insurance market was dominated by mutual insurance companies, with these mutuals accounting for around half of all insurers in the market.

Today, mutual insurers account for less than 10%.

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