Insurance products and services basically fall into two categories, Life & Pensions Insurance and
General Insurance. As in most areas of finance those policies that offer environmentally friendly aspects are also described as 'Ethical' insurance.
Life & Pensions Insurance, including critical illness, redundancy etc. These policies are based on making investments to build a fund over a long period which will then provide lump sum payments to offset loss. There are a number of providers who offer 'ethical' policies including:
In the general insurance area there are fewer 'ethical' or environmentally friendly choices. The CIS (see above) offer general insurance products covered by their 'Ethical Engagements Policy' including a new eco motor insurance policy, which in addition to sponsoring reforestation schemes for off-setting carbon emissions, also offer discounts for the lowest emitting cars and an 'eco-friendly repair network'. Aviva group (including CGNU) have a declared 'Corporate Social Responsibility Policy' which covers their entire portfolio including general insurance.
Brokers or independent financial advisers (IFA's) operate as intermediaries in both life & pensions and general insurance markets, collating information and recommending products in return for commissions from the insurance providers. A number offer their own ethical or environmentally friendly approach by contributing a percentage of the commissions made from supplying the policy, to environmental schemes and charities. There are recommendations for 'eco-friendly' brokers on the right hand side of this page.