PAMIA is financed by premiums and investment income earned on its reserves. The entire premium is paid into a fund in which the Members retain an immediate interest.
Through expert claims management and prudent investment, PAMIA has built up a robust reserve over 20 years. To protect its funds from the unlikely event of large losses, PAMIA also purchases reinsurance, which is placed by the brokers, Willis.
Our latest financial reports are included as downloadable pdfs here: