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 representing North American mutual insurance companies. It was formed to facilitate collaboration among these companies, allowing them to exchange valuable insurance information and foster industry discussions. NAMIC was established in Chicago in 1896.

Insuranceopedia Explains National Association Of Mutual Insurance Companies

Although it is called the National Association of Mutual Insurance Companies, NAMIC includes members from both the United States and Canada. The association boasts over 1,400 member companies. Collectively, these companies have written more than 170 million insurance policies, covering areas such as auto insurance, home insurance, and various types of business insurance. With its rich history, NAMIC continues to grow and expand as time progresses.