ICMIF Contributes to EU Study on Mutuals

Friday, 30 September 2011

ICMIF has contributed key information and statistics to the European Parliament for a study The role of mutual societies in the 21st Century which was published in July 2011. This document was requested by the European Parliament's Committee on Employment and Social Affairs.

Mutual organisations play an important role in both the European economy and society, serving a large proportion of European citizens by providing mainly health, social and insurance services. Together with cooperatives, foundations and associations, mutual societies are one of the main components of the social economy, or third sector, in the European Union.

This recent study presents an overview of the specific features and roles of mutual societies in the different EU Member States, analyses relevant EU law applicable to mutuals and looks at the performance of mutual undertakings during the financial and economic crisis. The report also discusses the potential mutuals have to contribute to the inclusive and sustainable growth of the European Union.

The study aims to also provide background information for future European parliamentary work on the subject of establishing European statutes for mutual societies, associations and foundations.

This study aims to:

  • Present an overview of the different features of mutuals in the EU Member States and the role they play in the framework of different social protection systems;
  • Analyse relevant EU legislation applicable to mutuals, assess the need/added value of a statute for European mutuals and alternative solutions proposed by European federations of mutuals and discuss other issues at stake;
  • Analyse the extent to which mutuals were affected by and the way they responded to the recession;
  • Discuss the potential mutual enterprises have for adapting to a changing socioeconomic context and to emerging social needs, so as to contribute to the implementation of the EU2020 strategy for inclusive and sustainable growth.

ICMIF’s Mutual Market Share & Global 500 reports (with figures and data for 2007–2008) as published in 2010 are referenced throughout the study. The new Mutual Market Share report with figures and data for 2009 will be available to ICMIF members before the ICMIF Biennial Conference which takes place from 26 – 28 October, 2011, in Manchester, England.

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