Blogs & Insights

A Discretionary Mutual is a mutual organisation that provides an insurance-like product known as risk protection.

An Aggregate Deductible Fund (ADF) is a self-insurance pool of funds that is commonly used by buying groups to manage their risks. Buying groups are formed by collectives of companies, community groups, religious institutions, sporting organisations and others who group together because they have similar insurance needs.

A Mutual is a business structure that places customers at its heart. While many organisations claim to put customers at the centre of everything they do, with a mutual business structure it’s a fundamental part of the legal structure.

Mutual companies are member-owned, public companies. Members are customers, who are also owners of the Mutual.

Most consumers think of insurance as large multinational corporations, with their brand names on skyscrapers. This corporatised, publicly-listed model of insurance is where most of us go to buy cover for a house or car, because that’s the most obvious option and in many cases the only option.