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MACIF GROUP :
MUTUALITY IN PRACTICE
Agenda
Page
1. Mutuality and its environment
3
2. Macif : the french leader in Family
insurance
7
3. Integrating Mutuality into our
business model
11
4. Annexe
21
1
Mutuality and its
environment
What are the fundamentals of Social Economy
Macif’Group belongs to the Social Economy and abides by its
three founding principles :
Principle of Non profit
Companies do not have share capital
 Therfore no Surpluses redistributed
 The main objective is not Profit driven
 Goal is to enhance the products and serve the
community

Principle of Collective insurers
 Each member is an individual policyholder and
collectively an insurer
 Companies operate as partnerships
Principle of Democracy
 Members are elected to organize responsabilities
« The one man, one vote » rule
Board of directors is composed with policyholders
From the Roots in France…
Mutuality
1898
Associations
1901
Cooperatives
1884
2 Major Theorists
Charles Fourier
Foundations
1987
XXe
Century
Syndicalism
Pioneering
Entrepreneurs
Jean Baptiste Godin
Charles Gide
Political :
Utopist Socialism
Radicalism
liberalism
Religious
Buchez – F. Le Play
Robert Owen
St Simon
Leroux – Proudhon
L. Bourgeois – Ed Herriot
Ch. Dunoyer – Stuart Mill
Secular
Louis Blanc
XIX
Century
To representing 10% of the French
Economy
10,%
90%
Social Economy
Capitalistic Economy
In 2004 : 11,70 % of GDP
1985 : 6% of GDP
2.14 million
employees
Employees
12-2006
Cooperatives
Mutuals
Associations
Fondations
Total
295
117
1 676
58
2 146
000
000
000
000
000
 € 57 billions
salaries
800 000 Companies





730 000 associations
21 000 cooperatives
2 500 mutuals
140 mutual company
rest.. Foundation…
Insurance
National
representation GEMA
Non Life :
33 companies
23,1 millions client
 €11,1 B.
Activities : Insurance, Banking,
Services, Health and social
activities
 Life
8 companies
3,8 millions clients
 €7,6 B.
€ 67,9 B. provision
Source INSEE - 2008
2
MACIF
The Leader in Family Insurance
1960
2009
A path to success
1960
1978
1987
• One founding father: Jacques Vandier
(Today Honorary Chairman)
A targeted initiative: Founders from the trade and
industrial sectors of the Niort area, supported by
the non-sedentary merchants’ trade union
1 million policyholders
• A Regional structure
creating 11 independant regions to
maintain relations with its members
1996
 3.7 million policyholders
2000
• First « Entreprise Project »
2008
 4.753 million policyholders
9 000 employees
15 million people covered (5 millions members)
MACIF : turnover in 2007
Other types of insurance
7%
Home
10 %
Savings
38 %
€ 5.01
billions
Auto
37%
Macif results as of Dec
2007 in millions €
Non Life
Health/Casualty
8%
Source: 2006 Annual Report
2.710
Auto
1843
Home
509
Other
358
Life (savings)
1.904
Health & Life
404
Total
5. 018
MACIF Group’s Organisation
Mutavie
Macif-Mutualité
Health, disability
and death insurance
Personal and corporate
Macif
contracts
Property insurance
(motor, home, leisure,
shops and
associations…)
Macif Gestion
Investment
Management
Savings, pensions,
life insurance
Macifilia
- Goods public transport
insurance
- SME insurance
- «Group» contracts
3
MACIF
Integrating Mutuality in our
business model
An Alternative Governance 1/2
A democratic representation system
Board of Directors
24 members +
4 administrators elected
by the employees
General Assembly
144 national delegates
Regional Assembly
2000 Regional delegates
Policyholders
4,7 million
An Alternative Gouvernance 2/2
A democratic system
Elect
President
Gérard Andreck
Appoint
Managing
Director
Roger Iseli
The voting rate in 2008 was 20,28 %
A common bond with other insurers
The Macif Group and its major partners
SOCRAM
Credit / Bank
OFIVALMO
IMA
SOS company
Investment management
CAMPUS
University
To provide representatives a better
understanding of their duties
A democratic communication system
 The representatives play a crucial role.
Members
Express a need
Representatives
Transmit a wish
Regional
Assembly
Transmit it
Regional
Managment
General
Assembly
Study the feasibility
New offering or new mechanism
 The Entreprise Project :
launched in 2007 where all
the members are invited to express their opinion about the future of
Macif. The group studies will determine Macif’s strategic direction for
the period 2010 – 2015.
 Commission :
7 of them exist (communication,
international..). Where the technostructure and the political power
make the decision.
MACIF : Creating new trends of solidarity
 Unemployment Support
Created in 1999, initiative aimed at
eliminating or reducing social exclusion
from unemployment by paying 99% of the
premiums
Solidarity fund :
compensate non insurable events. In 2009
2059 cases representing € 2 millions
Mediation
A possibility offered to our members to
appeal from non payment of a damage
Hearing Impaired
70 employees formed, 80 webcams installed
Integrating Sustainable Development
Objective:
Promoting the sustained development of the social economy
in France and overseas by funding initiatives demonstrating
an entrepreneurial spirit within an economic sector.
Results: 1.250 projects funded in 10 years
Grants totaling over 9 million Euros
Macif has agreed to have
its sustainable
development evaluate by
VIGEO
MACIF, other example of investment into
society
 Mobility : an appropriate response to
environmental and safety challenges
-750 000 members advice on safe cars, reducing
price of their insurance,
- safer motorbikes (3 wheels..) : reducing prices
 Investing into Environmental
safety (specific garanty of
environmental products + low rate
on credit)
A mutualist and responsible report
Investing into the Profession
FFSA
4
Annexes
Creating new trends of solidarity
Solidarity fund : proposing to compensate non insurable events.
In 2009 : 2059 cases representing € 2 millions
Gouvernance
References
 GEMA : Gérard Andreck
Mutual company : a new way to govern
insurance company. (www.gema.fr)
 Macif : Corporate ans Social reports 2007
and 2006