The Association of Financial Mutuals is the trade body that represents mutual and not-for-profit insurers, friendly societies and other financial mutuals across the UK.
Between them, mutual and not-for-profit insurers manage the savings, pensions, protection and healthcare needs of over 30 million people in the UK and Ireland, annual premium income of £19.6 billion, and nearly 30,000 employees (source: www.ICMIF.org).
A financial mutual is an organisation that supplies financial services products, and which is owned by its customers, or members. That means there are no shareholders to pay dividends to or account to, and a mutual can concentrate entirely on delivering products and services that best meet the needs of its customers.
We have 50 full members today, enjoying a huge range of benefits.
Join the member companies who are championing mutuality with the AFM today. Financial mutuals are invited to join as Full or Associate Members and enjoy an array of attractive benefits.
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Paying claims is not enough Claims are 8 times more likely for someone who has an income protection policy with a mutual, writes AFM's Chief Executive in the latest COVER Magazine opinion piece....
Mutually Yours, June 2019 You can read the latest newsletter from the Association of Financial Mutuals here...
Mutuals pay out 94% of IP claims An article, published today in the FT Advisor, reveals that Mutuals paid out more than 94% of income protection claims in 2018. Research by the AFM into nine of its...
