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
Insurance Provider
RAC
Green/Ethical Products
- RAC Breakdown cover for Motability Blue Badge holders.
Ethical Lending or Insurance
No evidence of an ethical insurance policy found for RAC.
Human Rights
No policy was found to indicate that RAC avoids insuring companies that directly contribute to human rights violations.
Financial Exclusion
No evidence of any accounts, products, or services aimed specifically at the financially excluded.
Provides material in Braille, large font and audio format.
Offers Textphone assistance via TypeTalk.
RAC has an online Know-How information kit aimed at disabled persons. It has links to organisations and events that can help and advise them with motoring and travel needs.
Environment
RAC’s environmental policy covers the key areas of climate change, energy efficiency, water use and waste management.
No evidence found of the company’s commitment to continued improvement of its environmental performance.
Carbon Neutral
No commitment to become fully carbon neutral was found.
RAC’s old parent company Aviva Plc. was carbon neutral however there is no evidence that RAC was or still is carbon neutral.
Equal Opportunities
No policy explicitly covering the issues of race, gender, sexuality and disability.
However RAC states:
“The RAC is an equal opportunities employer and encourages diverse and inclusive approaches to employment.”
Women on the Board
2/7 women hold top level board positions (29%).
Voluntary Standards & Initiatives
No membership of any relevant charters or initiatives found.
Charitable Giving
The Group continues to support and work closely with the royal automobile club Foundation, a registered charity which researches and promotes the economic, mobility, safety and environmental issues related to motoring and responsible road users. Employees of the Group are supported in their charitable fundraising through appropriate time off and through charity related team building events.
RAC
- Insurance (Motor, Home, Travel, Pet, Commercial, Life).
RAC
RAC Limited.
RAC Motoring Services of RAC House,
Brockhurst Crescent,
Walsall,
WS5 4AW.
