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.
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 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.
“There are no outside investors in mutual insurance; therefore the interests of the policyholders as member-owners are the primary focus.”
What is INVESTED, BUILT, GROWN, MADE and SPENT with a co-op directly benefits the local community – make a bigger impact when you choose local co-ops.
Combat the widening wealth gap by empowering global communities with ownership and voice in the businesses that shape their lives.
hello@betterworld.coop
PO Box 5236
Manchester, NH 03108
Copyright © 2021 Cooperatives for a Better World. All Rights Reserved.
