What are the advantages of the mutual insurance model over traditional insurance?

Mutual insurance has some unique advantages over traditional forms of insurance: First, mutual insurance can be more effective in preventing moral risks through the independent management and mutual supervision of insured members. Secondly, mutual insurance may have lower exhibition costs and higher accuracy in underwriting and loss determination, which can significantly reduce operating costs and provide insurance coverage at a cheaper price. Thirdly, as there is no pressure to make profits, mutual insurance can develop insurance types favorable to the long-term interests of the insured without pursuing short-term commercial profits, better protect the interests of the insured, and especially help to explore the low-income people and high-risk areas of insurance.

Taking Zhonghui Mutual as an example, they are utilizing the advantages of the mutual insurance model to launch various types of insurance for specific groups of people, and, now Zhonghui Mutual has begun to successfully make a profit?