Groupama, an abbreviation for Groupe des Assurances Mutuelles Agricoles, is a French insurance group headquartered in Paris with operations in 10 countries.[1][2] In 2005, it ranked as the 2nd largest mutual insurer in the world.
History
Predecessor companies (1840s-1980s)
The Agricultural Mutual Insurance Companies (Assurances Mutuelles Agricoles) was founded in the 19th century[3] by a group of farmers to address their own specific insurance needs. It was set up as a mutual organisation and focused on agricultural as well as individuals, professionals, local authorities and businesses.
Groupama was established on December 22, 1840, when farmers in Mions (Rhône) founded the first local agricultural mutual fire insurer. The legal framework for Agricultural Mutual Insurance Funds was defined by a law passed on July 4, 1900.