Mutual insurance

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Mutual insurance is a type of insurance where those protected by the insurance (policyholders) also have certain "ownership" rights in the organization. These "ownership" rights typically consist of the ability to elect the management of the organization and to participate in a distribution of any net assets or surplus should the organization cease doing business. Historically, insurance began in the USA through a mutual (or cooperative) structure. Recently, some insurance companies have gone through demutualization and become public companies in an effort, among other things, to improve their ability to acquire capital.

The global cooperative union for the industry, the International Cooperative and Mutual Insurance Federation, claims 142 members in 70 countries, in turn representing 400 insurers.[1]

Contents

List of mutual insurance companies

Japan

United States

United Kingdom[2]

List of demutualized insurance companies

Japan

South Africa

United Kingdom

United States

List of defunct mutual insurance companies

Japan

References

  1. ^ ICMIF: Members list. Retrieved on December 11, 2006.
  2. ^ AMI members. Association of Mutual Insurers. Retrieved on August 24, 2008. A longer list of UK mutual insurers.

External links

Cooperatives
Types of cooperatives
Identity
Political and economic theories
Key theorists
Organizations
Retrieved from "http://en.wikipedia.org/wiki/Mutual_insurance"

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