Phrase Requests – How to Say Two Things Don’t Mix Well

A regular Google search gives about 350,000 hits for ‘indifferent between’, while a Google books search gives about 120,000 hits.

I cannot find any dictionary entries that include examples or citations with this usage, but it does appear to be in actual use, if not all that common.

As such, I wouldn’t classify it as ‘truly ungrammatical’, but rather perhaps as ‘best avoided in contexts where you wish to steer clear of potentially controversial grammar’.

In your particular phrase, I would suggest:

X is indifferent to whether (we do/he does/etc.) Y or Z

Or, even more plainly spoken:

X does not care whether (we do/he does/etc.) Y or Z

Edit to reflect edited question:

With the context now known, I would suggest recasting the sentence as follows (vel sim):

The risk adjustment should reflect the compensation that an insurer requires for bearing this uncertainty and reflects the point at which the insurance company considers fulfilling an insurance contract with a range of possible outcomes and fulfilling a liability with fixed cash flows (to be) equal options.

In philosophy the expression would be mutually necessary:

Definition: A necessary condition for some state of affairs S is a condition that must be satisfied [in order to obtain] S.

Example of mutually necessary conditions:

Jack and Jill will go up the hill only if they both go up the hill.

• Jack will not go up the hill without Jill.
• Jill will not go up the hill without Jack.

so

• Jack going up the hill is necessary for Jill to go up the hill.
• Jill going up the hill is necessary for Jack to go up the hill

Jack going up the hill and Jill going up the hill are mutually necessary.

In a broader context:

Interdependent implies a certain level of mutual necessity:

ADJECTIVE

(Of two or more people or things) dependent on each other:

OED

Codependent relationships exhibit an intensity of interdependence that increases the sense of necessity:

Derivative of codependency:

NOUN

[MASS NOUN]

Excessive emotional or psychological reliance on a partner, typically one with an illness or addiction who requires support:

Symbiotic relationships do not all exibit necessary, but the mutual benefit is a specialized expression of interdependence:

derivative of symbiosis

NOUN

[MASS NOUN] Biology

1.0 Interaction between two different organisms living in close physical association, typically to the advantage of both.

There is a brand of symbiosis referred to as obligate symbiosis, which does imply the must of the OP:

In animals, a common mutualistic symbiosis occurs between many herbivores and microorganisms of their digestive tracts. Ungulates (hoofed animals) and some other animals eat plant material that is high in cellulose , even though they lack enzymes capable of breaking down cellulose molecules. They obtain energy from cellulose with the help of symbiotic bacteria and protozoa living within their digestive tracts. These microbes produce enzymes called cellulase that break down cellulose into smaller molecules that the host animal can then utilize. Similarly, wood-consuming termites depend upon symbiotic protozoans living within their intestines to digest cellulose. These are obligate symbioses. The termites cannot survive without their intestinal inhabitants, and the microorganisms cannot live without the host. In each of these symbioses, the host animal benefits from the food provided by the microorganism and the microorganism benefits from the suitable environment and nourishment provided by the host.

Read more: http://www.biologyreference.com/Se-T/Symbiosis.html#ixzz3R4tP9zIU

Emphasis mine

Synergetic, a derivative of synergy approaches the meaning you are looking for:

NOUN

[MASS NOUN]

The interaction or cooperation of two or more organizations, substances, or other agents to produce a combined effect greater than the sum of their separate effects: