Mutual Insurance Overview

Mutual Insurance is another application of the cooperative business model. Mutual insurance companies are unique because they are owned by the policyholders, the people who buy and receive coverage.

Policyholders are Owners

There are no outside investors in mutual insurance companies; therefore the interests of the policyholders as member-owners are the primary focus. Through cooperative member-ownership, policyholders can expect profits earned by the company to be cycled back into cost savings programs or returned to policyholders as dividend checks.

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What Makes Insurance Co-ops Unique

Mutual Insurance companies can be big; but they stay focused on the people at the heart of their businesses without having to meet the conflicting interests of outside stockholders or investors. From the first mutuals to the companies that exist today, they all share common roots in facing risk together in order to ensure that everyone has the resources to recover from the unexpected.

“There are no outside investors in mutual insurance; therefore the interests of the policyholders as member-owners are the primary focus.”

Did you know?

The first cooperative in the United States was a mutual insurance company founded in 1752 by Benjamin Franklin.

Five of the top ten largest insurance companies are mutual companies serving 25% of the market.

Helpful Links

National Association of Mutual Insurance Companies (NAMIC)

National Cooperative Business Association CLUSA

International Co-operative and Mutual Insurance Federation (ICMIF)

Asia and Oceania Association (AOA) of ICMIF

ICMIF Regional Association for The Americas

International Co-operative Alliance