Most significant rates of growth from The Military Mutual, Shepherds Friendly and Metfriendly
Members of the Association of Financial Mutuals (AFM) saw income reach £1,075m during 2018 - an increase of 7.5%. This is despite the UK insurance sector showing negligible growth overall of less than 1%, according to Swiss Re's sigma report, and government data indicating that UK household spending on insurance fell 9% last year. Between them AFM members now have around 8.3 million policyholders and £687m worth of claims and other benefits were paid out in 2018 - nearly £2m a day. Year-end...
Subject to certain criteria
Rising to 7.8% in people over 80
‘We could be failing people, when they need us most’
'We must not act as fast-buck profiteers'