OneFamily joins AFM

50-plus members

Adam Saville
clock • 1 min read

Friendly society becomes latest member of Association of Financial Mutuals (AFM)

According to AFM, a trade body for financial mutuals, the addition of OneFamily means its customer base has reached more than 10 million across its 50-plus members. OneFamily is owned by its 2.1 million members and creates investment, mortgage and insurance products. According to recent research by EY based on the AFM's 2018 sector statistics and Swiss Re's 2019 sigma report, the mutual insurance sector has grown premiums in recent years by 9% a year, compared to 5% across all UK insurers. Martin Shaw, chief executive of AFM, said: "We welcome the addition of OneFamily as a member....

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection

The COVER Review: PMI demand, International Women's Day and a new COVER event

The COVER Review: PMI demand, International Women's Day and a new COVER event

Week commencing 03 March 2025

COVER
clock 07 March 2025 • 1 min read
Women making up a larger portion of mortgage applications

Women making up a larger portion of mortgage applications

Rise in solo female mortgage applications

Jaskeet Briah
clock 07 March 2025 • 3 min read
Financial situations have worsened for one third of adults

Financial situations have worsened for one third of adults

SJP research found

Jaskeet Briah
clock 06 March 2025 • 3 min read