Support for
Growth

Discretionary Mutual Fund

With conventional insurance premiums increasing sharply each year, a Discretionary Mutual Fund (DMF) could be an alternative to traditional insurance.

A preliminary study has shown that managing industry risks through a DMF is feasible, but will need broader industry commitment to achieve the scale required. Justin Niven from KJ Risk Group said that a DMF offered a long-term opportunity to both reduce costs through the sharing of risk and incentivise better risk management but it would need at least $20 million in annual premiums to be viable.

“We would need five times the number of growers who participated in the feasibility study to get it off the ground,” he said.

There are also group buying and workers compensation opportunities available for industry members. Please submit an expression of interest to let the team know you’re interested to participate and a representative from AB Phillips will be in contact with you.

Read related articles

• New podcast series looks at DMF creation
• DMF feasible, but scale a must
• Workers compensation opportunity for WA and Tas businesses
• Understanding the cost of production in Australia
• New podcast series explores managing risk

Established in 2019, the Young Members’ Network aims to provide leadership, networking and career growth opportunities for rising stars in industry.  Membership is open to all Australian commercial apple and pear growers, orchard and pack house managers, horticultural researchers and students under 35. Membership is free.