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European mutual and cooperative insurers continued to demonstrate resilience in 2024, achieving 7.3% total annual premium growth, comprising a 6.7% increase in life insurance and 7.8% growth in non‑life business, reflecting a broad recovery in economic activity, easing inflationary pressures, and sustained demand for both savings and protection products.
This performance is particularly notable given the backdrop of ongoing geopolitical uncertainty, elevated energy costs, and rising climate‑related catastrophe risks across Europe. In this environment, households, businesses, and communities increasingly turned to mutual insurers for reliable, member‑driven protection.
Over the five‑year period to 2024, mutual insurers achieved 21.7% cumulative premium growth, consisting of a 16.0% increase in life insurance and 26.6% growth in non‑life business. The sector’s comparatively stronger long‑term performance in life insurance underscores the enduring trust placed in member‑focused savings and retirement solutions across key European markets.
This year’s European Mutual Market Share report highlights:
- Strong, broad‑based growth across life and non‑life lines
- Continued demand for mutual insurers’ community‑oriented protection products
- Long‑term stability and resilience despite economic and geopolitical pressures
- The enduring relevance of the mutual model in supporting inclusive, sustainable development
The full report provides detailed analysis of market trends, country‑level performance, and the evolving role of mutual and cooperative insurers in Europe’s insurance landscape.
Liz Green, Chief Executive, ICMIF said: “The 2026 edition of the European Mutual Market Share report once again shows the strength and stability of the mutual and cooperative model. In a year marked by uncertainty, our sector continued to grow by staying true to its purpose — serving members, supporting communities, and providing protection people can rely on. This long‑term resilience is a testament to the trust placed in mutual insurers across Europe.”
Download the full report to explore the insights shaping the future of mutual and cooperative insurance in Europe.
