The vice-president of the Petersburg Exchange analyzes international mutual insurance experience and proposes a phased model for creating an industry mutual insurance society in the Russian fuel and energy complex, which could complement the existing protection system and broaden the range of risks covered.
Mutual insurance societies are among the oldest and most resilient risk carriers in the world. The global mutual and cooperative insurance sector contradicts the notion that it is a niche anachronism. According to ICMIF, the combined premium of mutual and cooperative insurers worldwide exceeds $1.4 trillion, representing about 26.3% of the global insurance market.
Read the full version of Alexander Millerman's article and the new issue of Energy Policy magazine No. 7 (222).