Brief Overview of Organisation
IPB Insurance Ltd. is a mutual property and casualty insurer headquartered in Dublin, Ireland. Established in 1926 and regulated by the Central Bank of Ireland, IPB provides insurance solutions primarily to its Members, which include local authorities, education and training boards, regional assemblies and the Health Service Executive (HSE).
As Ireland’s only indigenous mutual insurer, IPB places Members at the centre of decision-making and supports a long-term approach focused on resilience, sustainability and delivering enduring value to the public sector communities they serve.
IPB incorporates Members’ interests into its pricing strategy and product development through a modified community-rating approach designed to ensure equity across the membership base. The company also seeks to return value to Members through retained earnings and dividends where appropriate and consistent with regulatory capital requirements.
A century after its establishment, IPB remains true to its founding mission, a mutual insurer created in Ireland, for Ireland – protecting those who serve the public and contributing to building a stronger, more inclusive and resilient society.
Summary of Sustainability Strategy
IPB’s sustainability approach is rooted in its purpose as a mutual insurer: protecting and safeguarding the interests of its Members while supporting long-term social, environmental and economic resilience.
IPB’s Sustainability Strategy sets out its vision to create lasting value for Members, customers, communities and the environment by integrating ESG considerations into decision-making and business activities. The strategy is aligned with the UNEP FI Principles for Sustainable Insurance and contributes to the achievement of the UN Sustainable Development Goals.
IPB’s sustainability framework is built around six core commitments:
- Deliver and embed our Sustainability Strategy
- Be a responsible and sustainable insurer
- Champion people and culture
- Drive responsible investment
- Enable responsible operations
- Support Members, customers and communities
These commitments are delivered through a series of strategic objectives focused on protecting and supporting Members and customers, enabling responsible operations, driving responsible investment, championing people and culture and advancing IPB’s climate and sustainability ambitions.