Mutual and cooperative insurers are responsible for one-third of all insurance premiums in Europe. Their status belies their size: they range from some of the smallest to some of the largest European insurers, and with no external shareholders to satisfy, they are able to apply their profits to the benefit of their policyholders. As major stakeholders in the social economy and with strong ties to local markets, mutual and cooperative insurers responded quickly to the COVID-19 crisis to help their customers and wider society. Working often under the radar, the mutuals are continuing to provide support in all sorts of ways to boost resilience for people, businesses and economies across Europe.
Sarah Goddard is Secretary General of AMICE, the Association of Mutual Insurers and Insurance Cooperatives in Europe. AMICE focuses on advocacy to European institutions to ensure a fair and appropriate environment for its members. Sarah sits on the board of Social Economy Europe, which continues to grow in importance with the re-established European Parliament Social Economy Intergroup. Before joining AMICE, Sarah was CEO of DIMA, a representative body for international re/insurers in Ireland, where she was identified as a member of the “power 50” in global captives. Her earlier career included editor positions with international re/insurance publications and at Lloyd’s.