hello@mymutualinsurance.ca
Email Address
1 (800) 261 0360
Phone Number
Waldheim, Sk
Location
What is a mutual insurance company?
Mutual insurance dates back to 1852 in Lower Canada when a group of local farmers decided to pool their funds to protect their properties mutually. We feel the best way to explain mutual insurance is to compare it to a private/public insurance company.
Private Insurance vs Mutual Insurance
| Private/Public Insurance | Mutual Insurance | |
| Owners | Stockholders | Policyholders |
| Strategic Focus | $$ for Stockholders | Equity for Policyholders |
| Voice for Policyholders | Short Term Profits | Long Term Stability |
Why does mutual insurance align so well with Saskatchewan values?
Saskatchewan is known for its amazing people who look after one another and their communities, through volunteer work, charitable giving, and overall willingness to help our neighbors.
Mutual Insurance originated from this concept almost 167 years ago. Mutual insurance, in its most basic form, is people helping people.