The share of the total European insurance market held by mutual and cooperative insurers has increased to a record high of 33.4%, according to the International Cooperative and Mutual Insurance Federation’s latest Mutual Market Share report, marking a 9.2 percentage-point increase from the first available market share figure (24.2%) recorded in 2007.

ICMIF’s European Mutual Market Share 2022 also finds European mutual insurers have significantly outperformed the total European insurance market in both short- and long-term comparisons of total, life, and non-life premium growth.