Among Ethisphere's honorees of the World's Most Ethical Companies in 2020, five P&C insurance companies were included. The list honors 132 companies representing 21 countries and 51 industries and includes 14 first-time honorees and seven companies that have been named to the list every year since it's inception. In its 14th year, the annual list by Ethisphere serves to recognize those that prioritize ethical behavior as a means to improve the world, while enhancing business performance. A focus on corporate social responsibility in the insurance industry is rather popular. In a recent study by McKinsey and Company and the Insurance Industry Charitable Foundation (IICF) took a closer look at philanthropy efforts in insurance. The "Charitable Giving in the Insurance Industry" report update for 2019 identified 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. In the slideshow above, discover which five P&C insurance companies were named to the 2020 list of the World's Most Ethical Companies. See also: |
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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].
