Macif

This article is about the insurance company. For other uses, see Macif (disambiguation).

MACIF (Mutuelle assurance des commerçants et industriels de France et des cadres et des salariés de l'industrie et du commerce) is a French mutual insurance company. It was founded in 1960 in Niort.^[1]

MACIF logo

It is a member of Euresa [fr], an international "business club" of mutual and cooperative insurance groups.^[1]

History

Macif, the Mutual Insurance Company for Traders and Industrialists of France, as well as Executives and Employees in Industry and Commerce, was founded on April 30, 1960, as a mutual insurance company.^[2]

In 1968, Socram Banque was founded by several property and casualty insurance mutuals to distribute auto loans.^[3]

In the 1970s, MACIF was among the first insurers to offer policies for pleasure boats.^[4]

In 1979, MACIF partnered with several mutual insurance companies to create Mutavie, a service offering savings and retirement products.^[5]

When its founder Jacques Vandier (1927–2020) retired in 1997 he asserted that it was the largest mutual motor insurance company in France: "Je suis parti de zéro. Avec quelques autres, j'ai fait de la Macif la première mutuelle d'assurances automobile en France." ("I started from zero. With a few others, I made Macif the first mutual car insurance company in France").^[6]