Friendly society becomes latest member of Association of Financial Mutuals (AFM)
According to AFM, a trade body for financial mutuals, the addition of OneFamily means its customer base has reached more than 10 million across its 50-plus members. OneFamily is owned by its 2.1 million members and creates investment, mortgage and insurance products. According to recent research by EY based on the AFM's 2018 sector statistics and Swiss Re's 2019 sigma report, the mutual insurance sector has grown premiums in recent years by 9% a year, compared to 5% across all UK insurers....
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