SLIDE 1
association of financial mutuals
!
association of financial mutuals 53 member companies 20 million - - PowerPoint PPT Presentation
association of financial mutuals 53 member companies 20 million - - PowerPoint PPT Presentation
! association of financial mutuals 53 member companies 20 million policyholders Association of Financial Mutuals 125 billion assets fastest growing part of under management the insurance sector HOW DO PEOPLE BUY INSURANCE TODAY?
SLIDE 2
SLIDE 3
SLIDE 4
HOW DO PEOPLE BUY INSURANCE TODAY?
PLATFORM ¡
DIRECT ¡MARKETING ¡
RESTRICTED ¡ ADVICE ¡
WORKPLACE ¡ADVICE ¡
BANCASSURANCE ¡
EXECUTION ¡ONLY ¡
COMPARISON ¡ SITE ¡
TIED ¡ADVICE ¡
MEMBER ¡GET ¡MEMBER ¡
PROFESSIONAL ¡ ADVISER ¡
SIMPLIFIED ¡ADVICE ¡ TIED ¡ADVICE ¡
BASIC ¡ADVICE ¡
INTERNET ¡ DIRECT ¡
INTRODUCER ¡
MAS ¡ HEALTHCHECK ¡
AUTO-‑ ENROLLED ¡
AUTO-‑RENEW ¡
BROKER ¡
SLIDE 5
HOW DO PEOPLE BUY INSURANCE TODAY?
PLATFORM ¡
DIRECT ¡MARKETING ¡
RESTRICTED ¡ ADVICE ¡
WORKPLACE ¡ADVICE ¡
BANCASSURANCE ¡
EXECUTION ¡ONLY ¡
COMPARISON ¡ SITE ¡
TIED ¡ADVICE ¡
MEMBER ¡GET ¡MEMBER ¡
PROFESSIONAL ¡ ADVISER ¡
SIMPLIFIED ¡ADVICE ¡ TIED ¡ADVICE ¡
BASIC ¡ADVICE ¡
INTERNET ¡ DIRECT ¡
INTRODUCER ¡
MAS ¡ HEALTHCHECK ¡
AUTO-‑ ENROLLED ¡
AUTO-‑RENEW ¡
BROKER ¡
SLIDE 6
Stewardship
Financial inclusion
VALUES OF MUTUALITY
Customer-
- wned
Supporting communities
Caring
SLIDE 7
AFM Purpose
To advocate the values
- f mutuality and through
this, promote the expansion of the sector.
SLIDE 8
Key Result Areas
- Project Chrysalis
- Public Affairs
- Governance
- Cost-effective
member services
SLIDE 9
- New committee
- 2015 elections
- Engagement on
Mutual Shares Bill
- Latest Code
exercise
- Further guidance
- NED training/
support
- FCA: follow up on
mutual capital
- PRA: ring fenced
funds
- Align services to
purpose and priorities
- 2014 conference
- AFM budget
COST- EFFECTIVE MEMBER SERVICES PROJECT CHRYSALIS PUBLIC AFFAIRS GOVERNANCE
SLIDE 10
SLIDE 11
15000 30000 45000
90 day deposit mixed 40-85% PLC with- profits mutual with- profits
average return over 25 years
SLIDE 12
members
Board Committees Working groups networks conference AGM Other events Member visits
Newsletters Blogs Updates Websites E-learning
SLIDE 13
association of financial mutuals
!