Together, we’re making a difference.

In North America and around the world, QBE and our customers are creating a positive environmental and social impact through our innovative Premiums4Good initiative. It’s a simple way we can all help those who need it most, at no additional cost or risk to our customers.

How Premiums4Good works

Like all insurance companies, every time our customers pay their insurance premiums, we invest that money in various investments like stocks or bonds until we need to access it to pay claims. Unlike other insurance companies, QBE directs a portion of those premiums into investments that have social and environmental objectives, including social impact bonds and green- and sustainability- bonds. These are not charitable donations, but rather investments designed to achieve a financial return while making an important social or environmental impact at the same time.

Through Premiums4Good, we’re helping our customers make a positive difference in their communities and around the country through their insurance. In fact, we’re committed to contributing a minimum of $100 million on behalf of all our customers in North America alone. By 2025, QBE has committed to invest $2 billion globally to impact investments.

The types of projects we’re supporting

Together with our customers, we’re supporting a diverse range of projects, including social impact and green bonds, developing renewable energy resources, supporting women-owned business, and providing water and energy to remote communities.

  • Social impact bonds provide funding for initiatives with directly observable social benefits, including reducing homelessness, supporting improved youth mental health, promoting family stability by reducing parental substance abuse, and keeping families together. Investing in social impact bonds also supports promising policy interventions that deliver high impact social services, like healthcare, housing, and education in low income communities.
  • Green, social and sustainability bonds provide funding for initiatives with directly observable environmental or sustainability benefits such as renewable energy, water management, waste management and sustainable public transportation and those aligned to the UN Sustainable Development Goals (SDGs).

Annual reporting

Every year, we provide annual reports to all our customers and broker partners that summarize our commitment to the sustainability of our shared communities and detail the investments we’ve made over that year. Click here to read our report. 

Four of the many projects we’ve supported

  • Ford Foundation Social Bond
  • U.S. Domestic Small Cap Pay for Success Fund
  • Low Income Investment Fund (LIIF) 
  • Copper Mountain Project 

The Ford Foundation Social Bond

Ensuring that key social justice organizations protecting the rights and priorities of vulnerable communities have the resources to be strong and resilient.

Following the rapid economic effect in early 2020 of the COVID-19 virus, and the impact this had on the non-profit sector due to the drop in charitable giving, and deepening need due to the recession, Ford Foundation issued a $1B social bond offering to increase grant funding and support viability of charitable organizations. The proceeds of the bond are being allocated through 2022.

The Ford Foundation, founded in 1936, is one of the largest philanthropic organizations
globally. The Ford Foundation focuses on supporting visionary leaders and organizations working in key social justice issues: civic engagement and government; gender, racial and ethnic justice, technology and society; natural resources and climate change; future of workers; creativity and free expression, and cities and states.

The U.S. Domestic Small Cap Pay for Success Fund

Investing in social services across America.

The Domestic Small Cap Pay for Success Fund provides financing for high-quality, effective social services to individuals and communities across the United States. It was the first social impact bond in the U.S. and is focused on supporting evidence-based interventions in several areas, including social services, health care, housing, and education.

For example, the fund has invested in Project Welcome Home, which provides clinical services and housing for up to 200 homeless people in Santa Clara County, California and Project Ventura, a program in Ventura County, California which facilitates effective and productive re-entry of individuals into society after serving prison sentences. Project Ventura is projected to save the county approximately $900,000 by reducing recidivism and the resulting strain on the criminal justice system. 

How Pay for Success projects work 

A Pay for Success project is a partnership between government agencies and private investors aimed at addressing a critical social need. Private investors fund the project and the government repays the investors only if the program meets measured outcomes as determined by independent evaluators. 

Low Income Investment Fund

Funding projects to improve the quality of life in underserved communities.

LIIF is a non-profit public benefit corporation that mobilizes capital and forms partnerships to help create opportunity, equity, and well-being in underserved communities. By providing loan capital, it aims to improve the quality of affordable housing and community facilities. 

Copper Mountain project

Responding to climate change and building greener, more sustainable communities.

The Copper Mountain solar facility taps into the Nevada desert sun to produce clean energy, powering tens of thousands of homes and representing an important part of the growing renewable energy sector in the United States.

Located on about 1,400 acres of land in Boulder City, Nevada, the landmark Copper Mountain Solar complex is one of the largest photovoltaic solar facilities in the U.S. The Copper Mountain Solar III investment financed the construction of a 250MW solar unit as part of the third stage of construction on the Copper Mountain complex. The entire 552MW facility now generates enough electricity to power approximately 90,000 Californian homes. This clean energy generation means that greenhouse gases are reduced by an estimated 419,000 tons annually – the equivalent to taking approximately 88,000 cars off the road.

Significantly, the Copper Mountain Solar facility and its expansion also supports a stronger local economy. At the height of its construction, the facility generated approximately 500 jobs while four full-time staff are employed at the complex. The facility also generates state and local revenue through the sale of clean energy, which is projected to total more than $732 million over 20 years.