Mutual model
A democratic and representative governance system
In the mutual insurance model, in accordance with the “one person = one vote” principle, each member can play an equal part in the democratic life of their mutual insurance company, regardless of how many policies they hold.
They are able to vote for representatives or delegates to represent them at general meetings, approve major strategic decisions and give an opinion on the mutual insurance company’s management and accounts.
Solidarity
In addition to pooling risk, which enables each policyholder to benefit from a high level of cover, solidarity is expressed through voluntary organisations, philanthropic efforts and the many partnerships entered into by the Group and its brands.
The Covéa FoundationA long-term view
The relationship between the mutual insurance company and its members is based on in-depth understanding of their needs and the ability to support them over the long term with a focus on responsibility and solidarity.
Without the need to pay returns to shareholders, everything that the business generates is invested in serving the company and its stakeholders.
The mutualist approach therefore makes it possible to prepare for the future over a long period, harmoniously blending the economic and the social, for example by creating new products in response to social and environmental concerns, setting profits aside as reserves, acting in the general interest and developing new services.
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- Innovation
- Covéa
Covéa joins forces with EDF to offer home renovation and energy efficiency solutions for MAAF, MMA and GMF policyholders
04 March 2024
Our latest publications
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2023 Covéa SFCR - Executive summary translation .pdf | 376.68 KB
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Covéa press release - 2023 annual results - 12 April 2024 .pdf | 273.97 KB
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Press release - PartnerRe Ltd. Reports Full Year 2023 Results - March 25, 2024 .pdf | 74.57 KB
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Covéa press release - Maud Petit has been appointed Deputy Managing Director of Covéa group - February 15th 2024 .pdf | 157.41 KB