{"id":167498,"date":"2025-11-15T03:00:00","date_gmt":"2025-11-15T03:00:00","guid":{"rendered":"https:\/\/www.mtmic.com\/blog\/?p=167498"},"modified":"2026-05-04T23:22:42","modified_gmt":"2026-05-04T23:22:42","slug":"insights-from-namic-2025","status":"publish","type":"post","link":"https:\/\/www.mtmic.com\/blog\/2025\/11\/insights-from-namic-2025\/","title":{"rendered":"\u00a0Insights from NAMIC 2025:"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">A Positive Outlook for Mutual Insurers<\/h2>\n\n\n\n<p>By <em>Megan Brown ARM, MIP, CWCP, CAWC<br>President<\/em><\/p>\n\n\n\n<p>Last month, I attended the National Association of Mutual Insurance Companies (NAMIC) annual convention in San Diego, California. NAMIC, a 125-year-old organization that supports mutual insurance companies through advocacy, compliance, industry benchmarking, education, and networking. Recent research, presented at NAMIC reveals a notable shift in buyer sentiment and behavior within the commercial insurance market, with mutual insurance companies gaining favor and outperforming their stock counterparts across critical performance metrics.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>Some of the key findings relating to mutual insurance companies include:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Industry favorability has increased by 11 points since 2019 in the commercial insurance sector.<\/li>\n\n\n\n<li>Growing familiarity and awareness of mutual insurance companies increased by 13% between 2019 &#8211; 2025<\/li>\n\n\n\n<li>Mutual insurance companies have 53% of the Michigan market share.<\/li>\n\n\n\n<li>Mutuals are strongly associated with financial strength, excellent customer service and fair claims handling.<\/li>\n\n\n\n<li>Mutuals outperform stock insurers in all key brand attributes.<\/li>\n<\/ul>\n\n\n\n<p>Importantly, 93% of the buyers surveyed indicated they are likely to consider a mutual insurer for their next policy, which outpaced stock insurers (84%). This preference is largely driven by factors such as fair claims settlement practices, service quality, price stability, affordability and financial strength.<\/p>\n\n\n\n<p>Given the positive trends, mutual insurers are well-positioned to capitalize on shifting market preferences, with a clear lead in trust-driven attributes. Prioritizing service, transparency, and affordability can further strengthen competitive positioning and long-term retention.<\/p>\n\n\n\n<p>The report lists the following headwinds for mutual insurance companies: adverse development, increased competition for the same business, economic and inflation uncertainty as well as legal system abuse. Conversely, tailwinds such as positive results for the first 2-3 quarters that carryover through the rest of the year, strong industry capital as well as stability in the reinsurance market were mentioned.<\/p>\n\n\n\n<p>While reviewing the research, it is clear that MTM already embodies many of the strengths attributed to successful mutual insurers. MTM\u2019s financial strength is noted by our AM Best A- (Excellent) Stable rating, excellent customer service and fair claims settlements are depicted in our 97% retention rate and combined loss ratio of 86.3%.<\/p>\n\n\n\n<p>As MTM moves into 2026, we will be celebrating 50 years of service to Michigan employers and pride ourselves on maintaining these core attributes.<\/p>\n\n\n\n<p><strong>Our vision is:<\/strong><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cTo be Michigan\u2019s most trusted partner for workers\u2019 compensation insurance by delivering innovative, responsive and cost-effective solutions that support Michigan businesses focusing on employee safety and productivity.\u201d<\/p>\n<\/blockquote>\n\n\n\n<p>Thank you for being an MTM policyholder and allowing us to be your responsive and cost-effective workers\u2019 compensation insurance partner.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Positive Outlook for Mutual Insurers By Megan Brown ARM, MIP, CWCP, CAWCPresident Last month, I attended the National Association of Mutual Insurance Companies (NAMIC) annual convention in San Diego, California. NAMIC, a 125-year-old organization that supports mutual insurance companies through advocacy, compliance, industry benchmarking, education, and networking. Recent research, presented at NAMIC reveals a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":167429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-167498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-updates"],"jetpack_featured_media_url":"https:\/\/www.mtmic.com\/blog\/wp-content\/uploads\/2025\/05\/megan-2025.jpeg","_links":{"self":[{"href":"https:\/\/www.mtmic.com\/blog\/wp-json\/wp\/v2\/posts\/167498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mtmic.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mtmic.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mtmic.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mtmic.com\/blog\/wp-json\/wp\/v2\/comments?post=167498"}],"version-history":[{"count":2,"href":"https:\/\/www.mtmic.com\/blog\/wp-json\/wp\/v2\/posts\/167498\/revisions"}],"predecessor-version":[{"id":167503,"href":"https:\/\/www.mtmic.com\/blog\/wp-json\/wp\/v2\/posts\/167498\/revisions\/167503"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mtmic.com\/blog\/wp-json\/wp\/v2\/media\/167429"}],"wp:attachment":[{"href":"https:\/\/www.mtmic.com\/blog\/wp-json\/wp\/v2\/media?parent=167498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mtmic.com\/blog\/wp-json\/wp\/v2\/categories?post=167498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mtmic.com\/blog\/wp-json\/wp\/v2\/tags?post=167498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}