What Is a Mutual Insurance Company?

A common insurance company is an insurance company that is owned by the policyholder and does not have a mutual assistance system held by external owners. Policyholders focus only on the performance of their policies, with particular attention to the ability of insurance companies to pay for their policies. As payments for policies occur to a large extent in the future, policyholders focus on long-term performance. In the past, the largest insurer was a mutual aid system. At present, it has begun to sharehold, that is, the mutual aid system has been transformed into a shareholding system. ^[1]