International Cooperative and Mutual Insurance Federation

About the sector

According to our latest Global Mutual Market Share report, our model is making a significant contribution to the social and economic development of the world.

Since 2007 the global mutual and cooperative sector has:

  • Consistently outperformed the rest of the insurance market
  • Grown its market share from 23.7% to 27.0%
  • Increased its premium income by 30%

 

About the mutual and cooperative insurance sector in 2014:

  • Represents 27% of the global insurance market
  • Record insurance premiums in 2014, writing USD 1.3 trillion
  • Served more than 955m member/policyholders and employed over 1.11m people
  • Emerging markets – premiums grew by 115% (2007-2014), serve 77 million members, employ 85,000 people (2014 figures)
  • Developed markets – premiums grew by 28% (2007-2014), serve 880 million members, employ 1 million people (2014 figures)

 

For further information review ICMIF’s Global Mutual Market Share 2014 report