Growth of mutual continues to outstrip wider industry
Tuesday, 11 15 2016, Category: Insurance and Reinsurance, Country: World
Record membership numbers boosted the aggregate premium income of members of the International Cooperative and Mutual Insurance Federation (ICMIF) in 2015, according to the Federation's latest financial research.
The seventh edition of the ICMIF Members: Key Statistics report, an annual overview of ICMIF members collective financial performance, highlighted that members wrote a record level of premium income in 2015, collectively writing $307 billion in insurance premiums. Since 2007, members have grown their premium income by 18 percent, compared to an 8 percent growth in the total insurance industry.
Source: Intelligent Insurer