National Association Of Mutual Insurance Companies

What Does National Association Of Mutual Insurance Companies Mean?

The National Association of Mutual Insurance Companies (NAMIC) is an association of North American mutual insurance companies that was formed in order for these companies to work together to exchange useful insurance information and to encourage industry discussion. The National Association of Mutual Insurance Companies was created in Chicago in 1896.

Insuranceopedia Explains National Association Of Mutual Insurance Companies

Despite the fact that it is called the National Association of Mutual Insurance Companies, NAMIC has companies that are from both the United States and Canada included as members. More than 1,400 companies are members of this association. Among all of the members, over 170 million insurance policies have been written. These insurance policies are written for auto insurance, home insurance, various types of business insurance, etc. This organization has a rich history, and it is only growing as time goes on.