The last decade saw a buoyant, soft insurance market with low premiums and accessible solutions; however, it is clear that the 20s will be a contrasting decade with a harder insurance market as the macro environment becomes increasing turbulent and the effects of past underwriting decisions becomes apparent.
Managing the Activities Industry Mutual requires passion and commitment to deliver a Mutual that truly supports its Members. We interviewed Sophia to find out more about her plans for 2020.
Watch here: https://www.youtube.com/watch?v=CWNiIM30MHg
Kirsty joined Regis in June 2015 as an Assistant Mutual Manager. In 2019 Kirsty was appointed as Mutual Manager of The Retail Mutual with the task to deliver its ambitious growth plans and maintaining its vision to provide a one stop shop for independent retails.
Ten minute Q & A with Martin Shaw, exploring the challenges of Mutuality.
1. Who are the Association of Financial Mutual’s (AFM)?
We are a trade association, representing mutual insurers, friendly societies and not-for-profit healthcare providers.
Listen to Melina Morrison, BCCM CEO, discussing insurance mutuals on ABC Radio Sydney (Breakfast) with Josh Zepps, Friday, 5 July 2019. Looking at pulling risks and creating a model that is focussed on protecting and benefiting Member creating an alternative risk management system.
2019 sees The Retail Mutual mark its twentieth year of providing an alternative to traditional insurance for independent retailers.
The Retail Mutual began life in 1999 as a small, specialist provider of business cover specifically to retail newsagents. As the sector evolved, so too did the Mutual, expanding first to meet the needs of the wider convenience retail sector before opening its doors in 2017 to the whole spectrum of independent retail shops and service providers on our high streets. Regis Mutual Management has been managing the Mutual since 2007.
On 1 April 2019, Employsure Mutual Limited officially opened its doors to new Members.
Employsure Mutual is a mutual established in Australia by Employsure Pty Ltd for its clients – small and medium sized businesses to whom the company provides comprehensive support and advice for the management of employment relations and workplace health and safety compliance, disputes and related matters.
Nexus have been working with Regis Mutual Management to develop a new mutual offering smart contract cover to secure risk and protect against bugs in smart contract codes. Regis have been working with Nexus to explore mutuality and how it can be used to redesign insurance.
Nexus Mutual uses the power of Ethereum so people can share risk together without the need for an insurance company.
The mutual and cooperative insurance market has been the fastest-growing part of the global insurance industry in the 10-year period since the global financial crisis, according to the Global Mutual Market Share 10 report launched today by the International Cooperative and Mutual Insurance Federation (ICMIF). This is a special 10 year anniversary edition of the report.
Mutual Manager brings Ty Birkett onboard for next phase of growth
Sydney, January 31: Regis Mutual Management Limited Australia (Regis Australia) has announced the appointment of Ty Birkett as Chief Executive Officer, effective January 2019. Regis Australia acts as Mutual Manager for Unimutual Limited – its largest customer, an asset and risk protection provider to Australia’s university, higher education, and research institutions – and Ty will also be CEO of Unimutual.
- Mutual Market Outlook: What’s ahead for 2020. Paul Koronka, CEO
- Expert spotlight: Sophia Reed, Mutual Manager of The Activities Industry
- Expert spotlight: Kirsty Hampton, Mutual Manager of The Retail Mutual
- Expert spotlight: Martin Shaw, CEO of Association of Financial Mutuals
- Listen to Melina Morrison, CEO BCCM discussing insurance mutuals on ABC Radio Sydney