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Jersey Mutual
Insurance Society
byRoy Jeanne
What makes us different?
Jersey Mutual Insurance Society
You might imagine that all domestic insurance who will look at their personal requirements carefully, and
companies are roughly the same. Obviously some are choose the type and level of cover that suits them. Then if
more efficient than others and perhaps can compete the householder has to make a claim, the same
better on price and service. But surely there is nothing representative will visit to work through the details and make
fundamentally different between them? the process smooth and hassle-free. This approach has
proved itself over many years, and householders rarely find
Jersey Mutual, however, is totally different to the run of the a need to shift their insurance business once they join Jersey
mill insurance company. It is different not only because it Mutual.
knows its market extremely well, it’s different because it
doesn’t have to worry about shareholders and middle men. That means the society has been able to build up
considerable reserves over the years, which combined with
As a mutual society, Jersey Mutual does not pay dividends to extensive reinsurance agreements, means that the mutual is
outside shareholders as the financially strong even though
society is owned by its its premiums are low. Jersey
members. As it doesn’t deal Mutual has also built up an
with insurance brokers either, excellent reputation for
it doesn’t have to pay careful cash management,
commissions to agents. which might also be a
reflection of its history.
That means that the premiums Founded no less than 139
householders pay for their years ago, the first board
insurance all go towards consisted of a number of
paying for claims and the leading businessmen and
modest running expenses of farmers who understood the
the society. That translates value of the careful
into real savings and means in management of money.
effect, you get more cover for your money.
They laid the foundations for an organisation which has
This was graphically illustrated after the great storm of worked hard to satisfy the needs of local householders.
1987. Every insurance company was faced with paying out
on an enormous number of claims. Jersey Mutual did so, As a purely local organisation, Jersey Mutual also
and didn’t even have to increase premiums to compensate understands the Island and the needs of Islanders and this
for the extra costs. Other insurance companies were forced knowledge of their market has many benefits to
to immediately put up premiums to cover the unusual policyholders. The vintage fire engine which is part of the
number of claims. group’s logo, emphasises the society’s historic origins and

its adherence to traditional values.
Jersey Mutual has also built up
an excellent reputation for careful
Operating from modern premises in Halkett Place, Jersey
cash management, which might
Mutual may emphasise traditional values but it uses up to
also be a reflection of its history

date methods to ensure efficiency and speed when dealing
with applications and claims. Comprehensive information is
available on their website, which
But it’s not just the way Jersey Mutual is structured that even includes a sum insured guide so you can work out the
makes it different. It’s the whole attitude to business. costs.
Perhaps it’s because it is a mutual society that the
management and the staff try so hard to provide a personal The Jersey Mutual has been at the heart of the Island
and cost effective service. community for many years now and by maintaining its
personal approach to doing business, it intends to be
Whenever a householder takes out insurance with Jersey serving islanders efficiently and cost-effectively for many
Mutual, they are visited by a representative of the society more years to come.
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