Premiums4Good Qorus Reinvention Awards - APAC 2024-2025 - Winner

Through Premiums4Good, a portion of customers’ insurance premium is allocated to impact investments that help fund initiatives that aim to make positive change, things like increasing renewable energy supply, reducing homelessness and improving education in remote communities. Impact investments are investments made into companies, organisations, and funds with the intention to generate social and environmental impact, alongside a financial return. Our impact investments include green social bonds, social impact bonds and impact investment funds. Premiums4Good supports our belief that we can deliver attractive risk adjusted returns while also seeking to deliver positive social and environmental impact.

Through Premiums4Good, we invest in 11 impact areas that help to address environmental and social needs. These impact areas align with the United Nation's Sustainable Development Goals (SDGs) and our process maps each investment against the SDGs. Our impact areas are:

Environmental • Sustainable Energy • Food and Agriculture • Water • Resource Efficiency, Recycling, Re-use, and Conservation • Urban and Community Development

Social • Housing and Social Real Estate • Education and Employment • Social Inclusion, Diversity and Gender • Financial Inclusion • Health • Social Care and Provision of Community Services

As of 31 December 2023, QBE has USD 28.67 billion assets under management across assets such as bonds, unlisted property, infrastructure and equity. Our ambition is to grow our impact investments to USD 2 billion by the end of 2025. As of 31 December 2023, we have invested USD 1.54 billion across 108 securities. This represents over 300% growth in our impact investments since we started in 2016.

With Premiums4Good, and in our capacity as an institutional investor, we are signaling that there is demand for impact investment. These investments span multiple asset classes including fixed income and private equity, as well as catalytic investments in alternative assets such as social impact bonds and first-time impact funds. We have invested in opportunities considered to be ‘firsts’ and seek out innovative investments to support this strategy. For example, in 2020, we invested in Save The Children Impact Investment Fund, which was a first-time fund manager, and in Australia’s first “climate equity-linked green bond”, which saw QBE collaborate with BNP Paribas, the Clean Energy Finance Corporation and Aware Super.