Mutual insurance

From Simple English Wikipedia, the free encyclopedia

A mutual insurance company is an insurance company that is owned by its customers.[1] If the company is profitable, the profits are returned to the customers. This is different from other insurance companies, which are public companies.[2]

References[change | change source]

  1. "Mutual Benefits Assurance PLC". Retrieved 2021-06-15.
  2. "Mutual Insurance Company - Overview, History, How It Works". Corporate Finance Institute. Retrieved 2021-06-15.