PPS Mutual

One such strategy, often overlooked yet incredibly impactful, is the mutual model. Globally, mutual insurers collectively represent US$10 trillion in total assets, and serve 889 million members/policyholders, generating premium income of US$1.4 trillion. So, what exactly is a mutual company? Unlike traditional shareholder companies driven by profit maximisation and shareholder interests, mutuals are owned by their members—i.e., policyholders in the context of insurance.

Accountants are indeed facing a myriad of external pressures. • • 13 minute read You’re out of free articles for this month To continue reading the rest of this article, please log in. Keep me signed in on this device. Forgot password? Create free account to get unlimited news articles and more! Organisation Type By becoming a member, I agree to receive information and promotional messages from Accountants Daily. I can opt out of these communications at any time.

The notion that almost 80 per cent of existing financial advisers do not write risk insurances, choosing to refer this business to a risk specialist, adds obvious further incentive for the advice profession to re-focus on the benefits of not only serving the risk needs of more Australians, but in effect ‘cherry pick’ the relatively prime professional market in Australia.