Name: Mutual Insurance Companies
Products:Â Home, Auto, Farm, Agri-business and Commercial Insurance
Headquartered In:Â Ottawa, Ontario
Where to Buy: Mutuals located in cities and small towns across Canada
Website:Â www.camic.ca
Canadian Owned:Â Yes
Canadaâs Mutual insurance companies were founded by local farmers in their communities in the 1800s and early 1900s to provide members with affordable insurance. When a person purchases an insurance policy, they become a member. Each company is owned by its policyholder members so they are all locally and Canadian owned.
Mutual insurance works on the principle of âneighbour helping neighbourâ in times of need. Policyholder membersâ needs are each companyâs priority. With Mutuals, premiums stay in the community, employing neighbours, supporting the local economy and giving back. Mutuals have been buying local for generations. Members are always treated like a person, not a number. Whenever they have a question or a claim, someone local will be there to help.