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MAS (formerly Medical Assurance Society) is a New Zealand mutual insurance and financial services company that offers house, contents, car, business, boat and life insurance; KiwiSaver and wealth management services; business advisory services to medical and other health practices and personal financial advice. MAS began in Napier, New Zealand in 1921 and is headquartered in Wellington, New Zealand.

MAS was awarded the Consumer NZ People’s Choice Award for house, car and contents insurance for seven years in a row (2017-2023).

MAS Foundation
MAS is a registered charity. Its philanthropic arm is the MAS Foundation which has the stated purpose of “improving health and wellbeing equity” by funding and supporting community-led programmes throughout Aotearoa New Zealand.

Origins as an exclusive insurer for doctors
MAS is a mutual company that was established to provide general insurance for New Zealand doctors in 1921 in Napier. MAS expanded its coverage to all healthcare professionals and their families by the early 1980s, when it opened membership to other professions. Today MAS accepts members regardless of their occupation.

Responsible investing policies and certification
MAS has a responsible investment policy that excludes companies which derive more than 10% of its income from arms, tobacco, weapons manufacture or fossil fuels; requires the assessment of all investments in terms of environmental, social, and corporate governance practices; and requires MAS to participate as an active shareholder in companies where it holds an investment, which it does via Institutional Shareholder Services. MAS is a signatory to the United Nations Principles for Responsible Investing (listed as Medical Assurance Society New Zealand).

MAS (listed as Medical Assurance Society New Zealand) is a member of the Responsible Investment Association of Australasia (RIAA). All MAS funds are certified by RIAA’s Responsible Investment Certification Programme. In the RIAA’s Responsible Investment Benchmark Report for Aotearoa New Zealand 2022, MAS was listed as an Emerging Responsible Investment Leader.

In 2022, New Zealand not-for-profit responsible investment watchdog Mindful Money awarded all 14 KiwiSaver and retirement funds managed by MAS with Mindful Status.