AIM was established in 2005 in response to growing demand within the sector for a cost-effective alternative to conventional insurance.
A mutual is an organisation whose Members pool risks of a similar nature to achieve a long-term, stable alternative to conventional insurance. Mutuality is a growing sector within the insurance world and is particularly appealing to industries that have suffered in the past from the cyclical nature of the standard insurance market. The adventure activities industry is a perfect example of this.
AIM was the product of two years of in-depth research amongst AALA licensed adventure activities providers and has grown to become one of the market leaders in this rapidly evolving sector. Owned by its Members, it provides cover for activities ranging from water sports and cycling to climbing and coasteering, and offers long-term benefits to individuals and organisations operating in all areas of the adventure activities and outdoor education sector.
AIM is managed by Regis Mutual Management Limited, a professional management company that specialises in the setting up and running of mutuals. Other mutuals managed by Regis include The NFRN Mutual Limited, The Livery Companies’ Mutual Limited, The Masonic Mutual Limited, Fire & Rescue Indemnity Company Limited and The Military Mutual Limited.