Insurance Companies and

UN SDGs
Jamtsho Dorji
(affiliation)
(Course Info)
(Professors name)
(Due Date)
 Insurance & SDGs
Goals the sector can impact the most:
1. No poverty (SDG 1)
2. Zero Hunger and Food Security (SDG 2)
3. Good Health and Wellbeing (SDG 3)
4. Decent Work and Economic Growth (SDG 8)
5. Reduce Inequality (SDG 10)
6. Safe Cities and Communities (SDG 11)
7. Climate Action (SDG 13)
Insurance Contribution

Economic Growth
SDG 2

SDGs 5, 10, SDGs 7, 13,

16, 17 14
SDGs 1,
3, 8, 9,
11

SDG 4 SDGs 6,12, 15

Social Inclusion Environmental
Protection

(Stewart et al, 2021)

 Companies role to support SDGs

1. Underwriting and risk transfer

2. Investor and asset manager

3. Corporate citizen and employer

 Which Insurance Companies?

1. Allianz Australia Insurance Limited

2. Suncorp Insurance
3. QBE Insurance (Australia) Limited
4. Insurance Australia Group Limited (IAG)
5. Medibank Private Limited
 Companies and SDGs*
Goals adopted Allianz Suncorp QBE IAG Medibank Total

1 – Poverty  1

3 – Health / Wellbeing  1

5 – Gender Equality      5

7 – Affordable Clean Energy   2

8 – Decent Work / Economic Growth      5

9 – Innovation / Infrastructure  1

10 – Reduced Inequalities      5

11 – Sustainable Cities / Communities    3

12 – Consumption & Production  1

13 – Climate Action      5

16 – Peace & Justice  1

17 - Partnerships     4

(*According to companies sustainability reports, 2022)

 References
1. Holliday, S., Remizova, I., & Stewart, F. (2021). Developing Insurance Markets: The Insurance Sector's Contribution to
the Sustainable Development Goals (SDGs). World Bank Group.
2. Our Sustainability Priorities | Allianz Australia. (n.d.). AU Site.
https://www.allianz.com.au/about-us/sustainability.html
2. Reports and policies | Suncorp Group. (n.d.). Suncorp Group.
https://www.suncorpgroup.com.au/corporate-responsibility/reports?year=2022
3. Results & Reports. (2022, August 12). IAG Insurance.
https://www.iag.com.au/results-and-reports
4. Sustainability | Medibank. (n.d.). Medibank.
https://www.medibank.com.au/about/sustainability /
5. Sustainable Development Goals | QBE. (n.d.).
https://www.qbe.com/sustainability/our-approach-to-sustainability/sustainable-development-goals
6. Sustainable Development Goals | United Nations Development Programme. (n.d.). UNDP.
https://www.undp.org/sustainable-development-goals/affordable-and-clean- energy?gclid
=Cj0KCQjwiIOmBhDjARIsAP6YhSVU7afdy2LjDwz4hp635Zr_AwJspQXzh4Ugffgz0qzL4Murdqrr2vcaAizLEALw_wcB