From 2015 to 2019, McKinsey's survey data found that the industry's desire to work toward a single cause increased from 17% to 33%. (Photo: Supavadee butradee/Shutterstock)
In partnership with the Insurance Industry Charitable Foundation (IICF), McKinsey and Company recently released its "Charitable Giving in the Insurance Industry" report update for 2019, identifying a number of growing philanthropic trends in the industry.
With consideration of year-over-year trends, McKinsey's 2019 update found that charitable giving in the industry has held steady around $560-$600 million annually, with an emphasis on education, health, and social services and community.
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Danielle Ling
Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].
