|Date joined:||6 July, 2018|
|Initiatives:||Principles for Sustainable Insurance|
Intact Financial Corporation (TSX: IFC) is the largest provider of property and casualty (P&C) insurance in Canada and a leading provider of specialty insurance in North America, with close to $10 billion in total annual premiums. The Company has over 13,000 full- and part-time employees who serve more than five million personal, business, public sector and institutional clients through offices in Canada and the U.S. In Canada, Intact distributes insurance under the Intact Insurance brand through a wide network of brokers, including its wholly-owned subsidiary BrokerLink, and directly to consumers through belairdirect. In the U.S., OneBeacon Insurance Group, a wholly-owned subsidiary, provides specialty insurance products through independent agencies, brokers, wholesalers and managing general agencies.
Intact believes that insurance is not about things, insurance is about people. This belief, combined with our purpose of helping people, businesses and society prosper in good times and be resilient in bad times, motivates us to find new ways to leverage our strengths to help build a prosperous and resilient society. When faced with complex societal challenges, such as the impacts of a changing climate, it takes widespread collaboration to find viable long term solutions. The Principles for Sustainable Insurance work collaboratively on a global scale to accomplish just that – the recent release of the “Insurance Industry Development Goals for Cities” is a prime example. We believe it’s crucial for Intact to actively contribute to these important discussions to help strengthen our communities.
Intact is in a position to leverage data discipline, strong global partnerships and a skilled workforce to help the PSI achieve its objectives in fostering sustainable insurance. We expect to contribute and actively participate in discussions and projects, but also to learn from our global peers about best practices and work together to identify new opportunities/innovations for sustainable insurance. The PSI will also inform our ESG disclosure framework to stakeholders.