In 2008, the Ethical Finance Observatory developed certification for the insurance sector to guarantee good ethical practices, both in management and in the products offered by companies.
The Assessment Committee in charge with certifying these ethical good practices met for the first time in 2008 and, since then, it has developed its own methodology and assessment criteria. The first meeting to assess the award of EthSI certification to organisations took place in June 2009; the first insurance broker to receive it was the Arc Cooperative and the first insurance company was Atlantis Seguros.