The II International Ethical Insurance Forum urges the incorporation of ethical and solidarity values ​​into the sector’s practices

Organized by the FETS Ethical Finance Observatory, the meeting, which was held on Thursday at the Barcelona Social Hub, has become a meeting point with practical cases to make the commitment of the ethical insurance field visible
 
The Barcelona Social Hub hosted the II International Ethical Insurance Forum on Thursday. The event was organized by the FETS Ethical Finance Observatory, promoter of the EthSI Seal, which certifies ethical operation in the insurance world. The day focused on the need to advance in the incorporation of ethical and solidarity values ​​in the sector’s practices. With more than fifty participants, including professionals in the sector, representatives of public administrations and other entities and companies, the meeting showed the solidity of a model with a long history and ambition to grow. With moments for exchange and collective reflection, international experiences that use an ethical perspective in the insurance field were discussed, while visibility was given to the entities that have made this commitment. The event was opened by the general director of Social and Solidarity Economy and Cooperativism of the Generalitat de Catalunya, David Bonvehí, who was accompanied by the director of the Social and Solidarity Economy and Sustainable Food Services of the Barcelona City Council, Ester Vidal, and the president of FETS-Ethical and Solidarity Financing, Jordi Via. The inaugural conference was given by the researcher at UPF-BSM and commercial director at CA Life, Albert Martí, presented by the director of the International Chair in Sustainable Finance at the UPF Barcelona School of Management Marcos Eguiguren. In this conference, the various lines of work and research of the Chair were presented, as well as the desire to influence the financial and insurance sector.

Ethical values

The first round table forum served to address the inclusion of ethical values ​​in the insurance world through networking, both locally and internationally. Moderated by Jordi Rojas of the FETS board and president of Opcions SCCL, it included Sarah Goddard, secretary general of the Association of Mutual Insurers and Insurance Cooperatives in Europe (Amice), and Jordi Busquet, president of the Federation of Mutualities of Catalonia and general director of Previsora ​​General. The latter pointed out how the origins of the insurance sector already incorporate these ethical values, the need to mutualize risk in solidarity networks is the basis on which the sector has developed, in some cases without moving away from these foundational values.

Ethical investments in the insurance world

Ethically oriented investments in the insurance world were the protagonists of the second round table. This was attended by Daniel Sorrosal, Secretary General of the European Federation of Ethical and Alternative Banks and Financiers (Febea), the Investment Director of Reale Seguros, Javier Puelles, and the General Manager of the brokerage Seryes, David Sánchez. The table, moderated by Jorge Berezo, member of the EthSI evaluation committee and president of Oikocredit Euskadi, dealt with the challenge of carrying out these practices. An overview of ethical investments in the European sphere was given and how each of them has implemented it was shown. The difficulty in the purity of investments when the volume is very high was confirmed, but it was also shown that there are sufficient elements to prevent investments in the insurance world from having serious negative impacts.

The last panel analyzed the challenges in creating ethical insurance products and showed some examples of good practices in the international and local spheres. The participants included the insurance technician of the Consorzio Assicurativo Etico Solidale a (CAES) Italy, Elena Peverada, the executive coordinator of Arç Cooperativa, Alfonso B. Bolado, and the head of Multirisk in insurance at Seguros Lagun Aro, Joseba Santos. The moderation was carried out by Francisco García-Moreno Morillo, member of the permanent commission of the Barcelona Association of Insurance Mediators and managing partner at Holdin, Mastery & Silván. In this panel, they shared their systems for detecting the insurance needs of the public they are targeting. For Alfonso Bolado, it is particularly important to pay attention to the strategic challenges of society to respond to its demands, such as with insurance products aimed at energy communities or sustainable mobility, which are essential for the energy transition.

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