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QBE Insurance Group Limited

PRI reporting framework 2018

You are in Strategy and Governance » Innovation

Innovation

SG 18. Innovative features of approach to RI

18.1. Indicate whether any specific features of your approach to responsible investment are particularly innovative.

18.2. Describe any specific features of your approach to responsible investment that you believe are particularly innovative.

Social investment seeks both a social and a financial return, and QBE supports this approach as a means of attracting more capital to global social and environmental issues.

In 2015 QBE pledged $100m to invest into the global Social Impact Bond market. On the understanding that this was a small, developing market QBE felt that this made a statement of intent to help develop this market and would allow us to provide an institutional investor lens to this developing area.

By 2017, QBE has now invested in 9 SIBs across the global portfolio (Australia, UK, Canada, USA), and analyzed many more. In 2017, QBE was the anchor investor in the first of its kind PFS (Social Impact Bond) fund in the US. For many of these SIB Investments QBE has been present from a very early stage helping to develop documents and structures and assist in informing some standardization in this market to suit future scale

In 2015 QBE launched an innovative insurance product called Premiums4Good. Premiums4Good allows customers in select lines of insurance to opt for a proportion of their premiums, at no extra cost or risk, to be invested in impact investments.

Since 2015, Premiums4Good has extended to the majority of QBE divisions globally, including 

In addition to these responsible investment activities, QBE as an issuer, issued both a Green Bond, and a social bond (Gender Equality Bond) in 2017.

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18.3. Additional information.


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