When you pay your insurance premium QBE invest it until it is needed to pay claims – typically in shares or bonds. With the groundbreaking Premiums4good initiative, you can ask for 25% of the premium you pay to be invested with an additional social objective. Examples of these investments include Social Impact Bonds, Green Bonds or investments into infrastructure projects with social benefits.
Social Impact Bonds represent a growing investment opportunity providing funding for initiatives with directly observable social benefits. These include: reducing homelessness, improving chances for children in foster care, reducing childhood asthma and improving the school performance of children from ′at risk′ households.
Our Premiums4Good initiative is not just limited to Social Impact Bonds. We will also use the funds to invest in Green Bonds – the proceeds of which are used to fund environmentally friendly projects, like developing solar parks, recycling projects, providing clean water and offering sanitation to remote communities.
Let RMP know that you want to join Premiums4Good when you renew your next policy, and we′ll do the rest. You are under no obligation and joining is completely optional.
When your policy next renews you simply have to elect to join Premiums4Good and QBE will invest 25% of your premium. If you choose to do this, 25% of the premium you pay will be identified, and the QBE investment team will allocate it accordingly: it′s that simple.
Nick Colyer
RMP Managing Director
John Neal – CEO
QBE Group
Published date: 19th November 2015
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