Crib Mutual Groupthe insurer of the Dominican cooperative market, reached 72% of the net premiums collected in the insurance line at the end of June 2022. Collective life of the cooperative sectorwhich ratifies the leadership that it has represented in this sector for years.
The company -established in the country for 7 decades- is also at the forefront in terms of solvency level, accumulating an index of 9.53%, according to the latest report from the Superintendence of Insurance. In addition, it has a liquidity index of 74.32%, surpassing in this indicator the rest of the companies supervised by the Insurance Superintendence.
When evaluating the indicators of the company, its general manager, Ruben Bonillastated that the high degree of liquidity achieved facilitates sufficient financial flexibility to offer rapid responses to customers in contingency or unforeseen situations.
Can read: Cuna Mutual consolidates in the DR
It also argued that the level of solvency guarantees effective payment compliance, key factor in an insurer that preserves trust and fulfillment of the promise to its clients as non-negotiable elements.
On the other hand, Bonilla referred to the technological development of the company with the investment in software for managing the cooperative information. These systems are applied with the intention of achieving traceability and transparency in the negotiation processes between cooperatives, accounting management, operational and auditing processes.
“Thanks to the technological development and the investments that have been made in the last 5 years, today we enjoy a robust platform that allows us to be leaders in claims payment, establishing internal processing and payment periods between 2 and 4 days to our allied cooperatives” Bonilla stated.
“The robust confidence of the cooperatives in Cuna Mutual Group is something that excites us and drives us to achieve goals like the ones we have described; Equally, the identity and dedication of our collaborators is a great motivation”, highlighted Bonilla.
