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What’s the difference between for profit and non-for-profit/mutual insurers?

April 26, 2017difference insurers non-for-profit profit

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What’s the difference between for profit and non-for-profit/mutual insurers?

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Historically, most private health insurers were not-for-profit, mutual societies. The industry has shifted rapidly since 2008 and is now predominantly for-profit. The main difference is how any assets may be utilised.