The time is right for mutual insurance holding companies

Article Abstract:

The Mutual Insurance Holding Company (MIHC) structure is emerging as an alternative framework of financial service over those offered by banks and other financial institutions. MIHC offers capital flexibility that its competitors have failed to provide their customers. However, problems have cropped up regarding membership rights in MIHCs. Moreover, the transformation of mutual insurance companies into MIHCs entail complex steps that must be undertaken. Thus, the MIHC must overcome these problems to seriously compete in the financial services industry.

Financial Services, Finance and Insurance, Holding companies, not elsewhere classified, Financial Holding Companies NEC, Offices of Other Holding Companies, Management, Financial services industry, Financial institutions, Financial holding companies

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The continuing education paperwork jungle

Article Abstract:

The certification process in the insurance industry's continuing education programs can be improved through the implementation of national standards. The National Association of Insurance Commissioners may play a major role in this undertaking by developing said standards. Another institution or entity may be tasked as a clearinghouse for the programs. These reforms would improve the efficiency and minimize wastes caused by state-by-state regulation.

Standards, Study and teaching, Continuing education

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Banks and the insurance industry

Article Abstract:

The insurance industry should team up with the banking industry to provide more effective and convenient services to customers. Insurance agents and brokers should cooperate with banks rather than treat them as threats. Banks command a high level of respect from consumers and have been providing car and homeowners insurance in rural areas. Furthermore, their automatic teller machines could be the best system to transact insurance business.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Banking industry, Banks (Finance)

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