QBE has pooled $91 million from its Premiums4Good initiative, which allows customers to invest 25% of their insurance premiums in social infrastructure, impact bonds and environmental initiatives.
QBE launched the initiative at a time when company profits were falling, due to low performing investments.
“It was not a case of, can we afford to do this? It was: can we afford not to do it, because this is exactly where business as a whole is going and we want to be a part of it,” says QBE’s Grant Clemence.
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