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MACIF GROUP :
MUTUALITY IN PRACTICE
Agenda
Page
1. Mutuality and its environment
3
2. Macif : the french leader in Family
insurance
7
3. Integrating Mutuality into our
business model
11
4. Annexe
21
1
Mutuality and its
environment
What are the fundamentals of Social Economy
Macif’Group belongs to the Social Economy and abides by its
three founding principles :
Principle of Non profit
Companies do not have share capital
Therfore no Surpluses redistributed
The main objective is not Profit driven
Goal is to enhance the products and serve the
community
Principle of Collective insurers
Each member is an individual policyholder and
collectively an insurer
Companies operate as partnerships
Principle of Democracy
Members are elected to organize responsabilities
« The one man, one vote » rule
Board of directors is composed with policyholders
From the Roots in France…
Mutuality
1898
Associations
1901
Cooperatives
1884
2 Major Theorists
Charles Fourier
Foundations
1987
XXe
Century
Syndicalism
Pioneering
Entrepreneurs
Jean Baptiste Godin
Charles Gide
Political :
Utopist Socialism
Radicalism
liberalism
Religious
Buchez – F. Le Play
Robert Owen
St Simon
Leroux – Proudhon
L. Bourgeois – Ed Herriot
Ch. Dunoyer – Stuart Mill
Secular
Louis Blanc
XIX
Century
To representing 10% of the French
Economy
10,%
90%
Social Economy
Capitalistic Economy
In 2004 : 11,70 % of GDP
1985 : 6% of GDP
2.14 million
employees
Employees
12-2006
Cooperatives
Mutuals
Associations
Fondations
Total
295
117
1 676
58
2 146
000
000
000
000
000
€ 57 billions
salaries
800 000 Companies
730 000 associations
21 000 cooperatives
2 500 mutuals
140 mutual company
rest.. Foundation…
Insurance
National
representation GEMA
Non Life :
33 companies
23,1 millions client
€11,1 B.
Activities : Insurance, Banking,
Services, Health and social
activities
Life
8 companies
3,8 millions clients
€7,6 B.
€ 67,9 B. provision
Source INSEE - 2008
2
MACIF
The Leader in Family Insurance
1960
2009
A path to success
1960
1978
1987
• One founding father: Jacques Vandier
(Today Honorary Chairman)
A targeted initiative: Founders from the trade and
industrial sectors of the Niort area, supported by
the non-sedentary merchants’ trade union
1 million policyholders
• A Regional structure
creating 11 independant regions to
maintain relations with its members
1996
3.7 million policyholders
2000
• First « Entreprise Project »
2008
4.753 million policyholders
9 000 employees
15 million people covered (5 millions members)
MACIF : turnover in 2007
Other types of insurance
7%
Home
10 %
Savings
38 %
€ 5.01
billions
Auto
37%
Macif results as of Dec
2007 in millions €
Non Life
Health/Casualty
8%
Source: 2006 Annual Report
2.710
Auto
1843
Home
509
Other
358
Life (savings)
1.904
Health & Life
404
Total
5. 018
MACIF Group’s Organisation
Mutavie
Macif-Mutualité
Health, disability
and death insurance
Personal and corporate
Macif
contracts
Property insurance
(motor, home, leisure,
shops and
associations…)
Macif Gestion
Investment
Management
Savings, pensions,
life insurance
Macifilia
- Goods public transport
insurance
- SME insurance
- «Group» contracts
3
MACIF
Integrating Mutuality in our
business model
An Alternative Governance 1/2
A democratic representation system
Board of Directors
24 members +
4 administrators elected
by the employees
General Assembly
144 national delegates
Regional Assembly
2000 Regional delegates
Policyholders
4,7 million
An Alternative Gouvernance 2/2
A democratic system
Elect
President
Gérard Andreck
Appoint
Managing
Director
Roger Iseli
The voting rate in 2008 was 20,28 %
A common bond with other insurers
The Macif Group and its major partners
SOCRAM
Credit / Bank
OFIVALMO
IMA
SOS company
Investment management
CAMPUS
University
To provide representatives a better
understanding of their duties
A democratic communication system
The representatives play a crucial role.
Members
Express a need
Representatives
Transmit a wish
Regional
Assembly
Transmit it
Regional
Managment
General
Assembly
Study the feasibility
New offering or new mechanism
The Entreprise Project :
launched in 2007 where all
the members are invited to express their opinion about the future of
Macif. The group studies will determine Macif’s strategic direction for
the period 2010 – 2015.
Commission :
7 of them exist (communication,
international..). Where the technostructure and the political power
make the decision.
MACIF : Creating new trends of solidarity
Unemployment Support
Created in 1999, initiative aimed at
eliminating or reducing social exclusion
from unemployment by paying 99% of the
premiums
Solidarity fund :
compensate non insurable events. In 2009
2059 cases representing € 2 millions
Mediation
A possibility offered to our members to
appeal from non payment of a damage
Hearing Impaired
70 employees formed, 80 webcams installed
Integrating Sustainable Development
Objective:
Promoting the sustained development of the social economy
in France and overseas by funding initiatives demonstrating
an entrepreneurial spirit within an economic sector.
Results: 1.250 projects funded in 10 years
Grants totaling over 9 million Euros
Macif has agreed to have
its sustainable
development evaluate by
VIGEO
MACIF, other example of investment into
society
Mobility : an appropriate response to
environmental and safety challenges
-750 000 members advice on safe cars, reducing
price of their insurance,
- safer motorbikes (3 wheels..) : reducing prices
Investing into Environmental
safety (specific garanty of
environmental products + low rate
on credit)
A mutualist and responsible report
Investing into the Profession
FFSA
4
Annexes
Creating new trends of solidarity
Solidarity fund : proposing to compensate non insurable events.
In 2009 : 2059 cases representing € 2 millions
Gouvernance
References
GEMA : Gérard Andreck
Mutual company : a new way to govern
insurance company. (www.gema.fr)
Macif : Corporate ans Social reports 2007
and 2006