Statewide Mutual

What Statewide Mutual does

Statewide Mutual is Australia's largest member-owned local government self-insurance pool, established in 1993 when mainstream insurers withdrew from the NSW local government sector. The mutual is owned and governed by its 114 member NSW councils, with a Board of Management comprising senior council representatives from each of the 11 Statewide Regions in NSW plus three JLT representatives. JLT Risk Solutions (Jardine Lloyd Thompson Pty Ltd) serves as the appointed Scheme Manager, holding all three ASIC-required licences for self-insurance scheme administration.

The mutual operates five core insurance schemes: Liability Scheme (public liability and professional indemnity), Property Mutual Scheme, Crime (Fidelity Guarantee) Scheme, Councillors' and Officers' Scheme, and Motor Vehicle Scheme. These are complemented by a Risk Management Programme delivered through six Regional Risk Managers and a Senior Regional Risk Manager, dedicated claims management via seven claims officers, and digital platforms including the Member Centre portal, AVCRM (Asset and Risk Verification), and the Public Sector Construction Facility (PSCF). Reinsurance is placed through Lloyd's and London Market as part of a National Local Government placement covering 500+ councils.

Revenue is generated through annual member contributions determined by the Finance Committee, with surplus reimbursements returned to members as rebates (over $70M distributed since inception, with all members receiving rebates since 1998). The mutual has covered approximately $9M in unsettled claims arising from the 2001 HIH Group liquidation to protect member councils. The organization is headquartered in Sydney at Level 11, 66 Clarence Street, and is not publicly traded.

Name

Statewide Mutual

Legal name

Jardine Lloyd Thompson Pty Ltd

Website

https://statewidemutual.com.au

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

251–500 employees

Short description

Statewide Mutual is Australia's largest member-owned local government self-insurance pool, serving 114 NSW councils with mutual insurance schemes, risk management, and claims services administered by JLT Risk Solutions.

Ownership category

akta.pro rank

Product category

Public Sector Insurance / Local Government Self-Insurance Pool

NAICS

Other Insurance Funds (52519), Funds, Trusts, and Other Financial Vehicles (525), Insurance Agencies and Brokerages (524210)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Self-Insured Workers’ Compensation Programs (FSAJAEAD)

akta.pro secondary industry

Reinsurance Pool / Facility Treaty Participation (FSAOAEAL)

Keywords

• Local government insurance
• Self-insurance pool
• Mutual insurance schemes
• Public liability coverage
• Risk management services

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others, Technology or R&D, Marketing or Sales

Revenue model

1. Member Contributions: Annual member contributions from NSW councils for participation in self-insurance schemes. Contributions are determined by Finance Committee based on budgets for each scheme, with options typically ranging from 0% to 10% variation. The Board applies the percentage across the membership base, with terms potentially varied on Property Mutual based on asset value changes.
2. Self-Insurance Retention (SIR): Amount each Member Council must pay following an incident before a claim is paid by the insurer. SIR does not apply to the Liability Mutual scheme. Combined with deductibles, this self-insurance mechanism reduces premiums while maintaining risk coverage.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Statewide Mutual is Australia's largest member-owned local government self-insurance pool, providing NSW councils with five mutual insurance schemes (Liability, Property, Crime/Fidelity Guarantee, Councillors' and Officers', and Motor Vehicle) combined with dedicated risk management programmes, claims management services, and digital member platforms. Members collectively own the schemes and pay annual contributions set by the Finance Committee, with surplus returned via rebates (over $70M to date).

Product overview

Statewide Mutual is Australia's largest member-owned local government self-insurance pool offering a comprehensive portfolio of insurance schemes and risk management services exclusively for NSW councils. The core offering consists of five mutual schemes: Liability Scheme, Property Mutual Scheme, Crime (Fidelity Guarantee) Scheme, Councillors' and Officers' Scheme, and Motor Vehicle Scheme. These are complemented by a suite of digital platforms including the Member Centre portal, AVCRM (Asset and Risk Verification), and the Public Sector Construction Facility (PSCF). The organisation also delivers value-added services through its Risk Management Programme (featuring Regional Risk Managers, training, and onsite assistance), Claims Management Services, the annual Risk Management Conference, and the Risk Management Excellence Awards programme. The product portfolio is administered by JLT Risk Solutions as Scheme Manager.

Differentiator

Problem solved

Functional benefit

Brands

• Liability Mutual: Self-insurance scheme for public liability and professional indemnity coverage for NSW local government councils
• Property Mutual
• Crime (Fidelity Guarantee) Scheme
• Councillors' and Officers' Scheme
• Motor Vehicle Scheme

Products and services

• Liability Scheme A core self-insurance scheme providing public liability and professional indemnity coverage for NSW local government councils, administered as a mutual arrangement where members collectively own and govern the scheme.
• Property Mutual Scheme A mutual property insurance scheme covering councils' buildings, infrastructure, and assets against fire, flood, storm, and other property damage risks. Premium terms may be varied based on substantial asset value changes.
• Crime (Fidelity Guarantee) Scheme A mutual scheme providing coverage for employee dishonesty, theft, and fraudulent acts affecting council finances and assets.
• Councillors' and Officers' Scheme A mutual scheme providing protection for elected officials and council officers against personal liability claims arising from their official duties.
• Motor Vehicle Scheme A mutual motor vehicle insurance scheme covering council-owned vehicles and fleet against damage, theft, and third-party claims.
• Risk Management Programme A comprehensive risk management programme delivered through six Regional Risk Managers and a Senior Regional Risk Manager offering training, onsite assistance, guidance, mentoring, and on-call advice to member councils across NSW.
• Claims Management Services Dedicated claims management services with seven claims officers working exclusively with local government, having delegated authority to manage claims up to individual deductibles.
• Member Centre Portal A members-only online portal providing access to claims history, cover details, business intelligence tools, risk management guidance materials, downloadable forms, cover summaries, claims reports, industry news, and online claims submissions for NSW council members.
• AVCRM (Asset and Risk Verification) An online portal for asset and risk verification management accessible to member councils, used to support risk evaluation processes for insurance and risk management purposes.
• Public Sector Construction Facility (PSCF) A centralised online platform developed by JLT enabling NSW councils to obtain competitive construction insurance quotes (Construction All Risks, Third Party Liability, Advance Loss of Rent/Revenue, Delay in Start Up) on-the-spot through a transparent quoting process.

Quantifiable outcome

• Over $70 million in surplus reimbursements returned to members since inception, with all members receiving rebates since 1998
• +3 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• JLT Risk Solutions (Jardine Lloyd Thompson)coreStrategic or Co-development Partner · 1 January 1993JLT Risk Solutions is the appointed Scheme Manager of Statewide Mutual, administering day-to-day management of the Schemes, arranging Primary Insurance, managing claims in conjunction with Claims Committee, and advising members on loss prevention and risk minimisation. JLT is the only insurance broker to hold all three ASIC-required licences for self-insurance scheme administration. The mutual was established in 1993 with JLT as manager.
• FM Affiliated (FM Global)coreTechnology or IntegrationFM Affiliated is Statewide Mutual's lead property underwriter and reinsurer. The firm takes an engineering-led approach to risk, offering expert support including site inspections, flood engineering consultancy, design reviews, and tailored risk advice. Partnership supports Property Scheme with coverage and confidence for councils to plan ahead.
• AFM (part of FM Global)coreStrategic or Co-development PartnerAFM, part of FM Global located in Singapore, is Statewide Mutual's lead property insurer. FM Global operates under the mantra 'protect today, prosper tomorrow' with sole focus on commercial property insurance. The companies partner annually on the AFM Statewide Risk Management Scholarship, sending winning council representatives to Singapore for Loss Prevention Training.
• Mills OakleyminorImplementation/ SI/ Consulting PartnerMills Oakley is a legal firm that has prepared case summaries for councils, such as the rope swing case summary for Albury City Council. The firm supports Statewide Mutual members with legal expertise in liability cases.
• Lloyd's and London Market ReinsurerscoreStrategic or Co-development PartnerStatewide Mutual's NSW Liability Scheme is part of a National Local Government placement in Lloyd's and London Market, spreading risk over 500+ councils nationally. This substantial buying power enables negotiation of market-leading long-term reinsurance treaties.
• Kidsafe NSWminorStrategic or Co-development PartnerKidsafe NSW is referenced as the gold standard for playground safety in NSW. Statewide Mutual provides members with Kidsafe-developed playground safety video content and aligns risk management guidance with Kidsafe guidelines.
• IPWEA (Institute of Public Works Engineering Australasia)minorStrategic or Co-development PartnerIPWEA is partnered with Statewide's Regional Risk Management team to support councils with road network damage management and potential liability claims. Reference to IPWEA publications and resources in useful links section.
• Local Community Insurance Services (LCIS)minorChannel Partner/ Reseller/ DistributorLCIS is a related JLT service providing local community insurance services. Listed as an additional service available to Statewide Mutual members.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Arthur J. Gallagher Australia: Gallagher is a major global insurance broker with public sector and local government operations in Australia. As the third major broker alongside Marsh and Aon, it competes for scheme management and risk advisory work in the local government sector.
• QBE Insurance Australia: QBE is one of Australia's largest general insurers with a local government and public sector division. It is a major commercial competitor to mutuals in the local government insurance space and a residual alternative for councils seeking traditional coverage.
• Allianz Australia: Allianz Australia is a major general insurer with public sector and commercial property offerings. It competes with Statewide Mutual's Property Mutual scheme and serves as a benchmark for commercial reinsurance pricing in the Australian market.
• Aon Australia: Aon is one of Australia's largest insurance brokers with a public sector and local government practice. As a competitor to Marsh/JLT and a major broker of local government insurance, it represents an alternative distribution channel for NSW councils.
• Marsh (parent of JLT Risk Solutions): Marsh acquired JLT Risk Solutions in 2019, making it the ultimate parent of Statewide Mutual's scheme manager. Marsh's public sector practice and global reinsurance broking capabilities directly support Statewide Mutual's operations.
• Zurich Insurance Australia (Local Government): Zurich has a Local Government / Municipal division in Australia providing general insurance to councils. As a major commercial insurer, it represents the traditional insurance market that Statewide Mutual was formed to bypass when insurers withdrew from local government in 1993.

Direct peers

• LGIS (Local Government Insurance Services): LGIS is a Western Australian mutual providing self-insurance and risk management services to WA local governments. Statewide Mutual and LGIS operate the same mutual model for adjacent state government markets, making them the closest direct peers in Australia.
• Civic Risk Mutual: Civic Risk Mutual is an Australian mutual insurance scheme specifically designed for local government and council entities. It offers directly comparable coverage (liability, property, motor) and competes with Statewide Mutual in the same target market.
• VALE Mutual: VALE Mutual is a Victorian local government mutual providing insurance and risk management services to Victorian councils. It is structurally identical to Statewide Mutual — a member-owned self-insurance pool serving local government in a specific Australian state.

Regional players

• Victorian Managed Insurance Authority (VMIA): VMIA is the Victorian state government's insurance and risk management body, providing cover and risk advice to the Victorian public sector. While it serves broader government (not just councils), it is the closest state-government analogue to Statewide Mutual's model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/statewidemutual

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Statewide Mutual