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If your insurers goal is revenue i suggest you go look for a new mutual insurance. (no, this is not some hippie collective thing, in many countries this is the
by Too 3y ago
If your insurers goal is revenue i suggest you go look for a new mutual insurance.
(no, this is not some hippie collective thing, in many countries this is the norm, see https://en.wikipedia.org/wiki/Mutual_insurance https://en.wikipedia.org/wiki/Mutual_insurance)
- PurestGuava 3y agoAn insurance mutual's goal is still revenue. Your own link spells it out - it still tries to make a profit, it's just that whatever profit arises gets redistributed to policy holders or others. It still has to respond to commercial pressures and the need to run a sustainable business in the same way as any firm. It's a common misconception that co-operatives/mutuals somehow don't need to make money or will actively try to not make money, but in reality if they don't they tend to die fairly quickly.