Insurance Overview
Insurance companies supply services to a wide variety of customers, from everyday consumers to large corporations.
But do they have guidelines or policies as to who they will and won't insure? Do green and ethical considerations feature in insurance companies' risk assessments?
Might they, for example, offer coverage to munitions factories or companies with significant operations in countries with oppressive regimes? Or might they insure others with poor labour or environmental records?
Green and ethical insurance products
Green and ethical insurance products
For home, motor, travel, life and health insurance, there is a small but growing number of green and ethical insurance products available. A selection is below:
- Co-operative Insurance
Insurance type: home, motor, life and health
This provider has a comprehensive ethical engagement policy in place that governs all its insurance decisions. The Co-op's 'ecoinsurance' scheme offers cash incentives as well as environmental pledges. It offsets the equivalent of 20 per cent of the CO2 from every vehicle insured and also offers premium discounts for greener cars. - Climate Sure
Insurance type: travel
Climate Sure calculates the CO2 produced by flying overseas and pays for it to be 'offset' by funding sustainable energy projects. - Green Insurance Company
Insurance type: motor
This provider aims to offset your car's carbon emissions and offers discounts on greener cars/lower mileage. - Naturesave
Insurance types: home, travel, personal accident and illness
This company puts 10% of its personal insurance premiums in a fund (Naturesave Trust) to benefit environmental and conservation projects. It also offers a free environmental performance review for commercial clients and aims to use suppliers that support sustainable business practices. - Ansvar Insurance Co Ltd
Insurance types: home, motor, travel
Insurance is sold to individuals and organisations with a not-for-profit remit.
Your next steps
What do you do now? Check out our guide Next Steps - Insurance for suggestions on how to give your insurance policies a green and ethical makeover as well as the questions you should be asking your current or prospective insurance provider.
Insurance Search
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Insurance Provider
Legal & General
Green/Ethical Products
- Ethical Investment Funds
Ethical Lending or Insurance
No public data was found regarding the existence of an ethical insurance policy, though some of its funds are guided by an ethical investment policy.
Responsible Lending
Legal & General do not lend to their customers.
Financial Exclusion
The company does not offer any products to low income/financially excluded customers.
Its website is compliant with the requirements of the Disability Discrimination Act. To improve accessibility for non-web users the company provides some documents in Braille, large print or audiotape.
In 2007 the company launched an insurance-related project to help vulnerable community members in the Birmingham and Cardiff areas. The HandyVan project was run in conjunction with Help the Aged and offered a free security service to elderly people which in turn helped make insurance more affordable. This involved fitting door chains, door locks, smoke alarms, door viewers and carbon monoxide monitors.
Environment
The company states a commitment to continued improvement of its environmental performance and addresses the key issues of energy efficiency and waste management in its environmental policy.
Carbon Neutral
No evidence of a pledge to make business operations carbon neutral was found in the environment policy.
Equal Opportunities
The company’s policy addresses the key areas of gender, race, disability and sexuality.
Women on the Board
18.1% of board members are women (2007).
Voluntary Standards & Initiatives
Charitable Giving
Legal & General donated 0.20% of its pre-tax profits in 2007.
Legal & General
- Investments
- Insurance (Life, Home, Travel)
Legal & General
Legal & General
Customer Resolutions
PO Box 1002
Brunel House
Fitzalan Place
Cardiff
CF24 0BR
