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The link between general insurance and sustainability

Gjensidige has its roots in the countryside, and agriculture has always been a central part of our portfolio. Our approach to sustainability for insurance can therefore be compared to how you run a farm: You must hand over the farm to the next generation in a better condition than when it was taken over.

We think holistically about using our knowledge and insight to help customers and society at large to avoid loss. In this way, we contribute to a safer society. We make a difference by reducing the climate footprint related to material consumption in claims settlements and take social responsibility by making demands on our suppliers. We also make a difference by investing in those companies that contribute positively to the Paris Agreement's 1.5 degree goal, and follow up that the companies also comply with the UN's 10 global principles for human and labor rights, the environmental protection principle and anti-corruption. Gjensidige must lead the way, and we must create safety in ever new ways. 

Throughout more than 200 years of history, Gjensidige has made sure to create security for our customers by securing life, health and values ​​in a sustainable way. We have contributed with loss prevention measures, and help when loss has occurred. Our experience and expertise benefits the entire community.

The role of general insurance

The ability to understand, manage and carry risk for customers is our core business. We also share our knowledge with the authorities and the rest of society, in order to contribute to a safer and more climate-resilient society.

Insurance is about understanding, avoiding, reducing and distributing risk. We are concerned with understanding societal developments and being relevant in our customers' lives. Possible consequences of climate and environmental challenges, demographic changes and changing health needs are examples of areas we explore. Size, product composition and geographical presence allow us to diversify such risks. Reinsurance means that we stand together with others when major damages occur. This is how we create security throughout the value chain.

By helping to avoid loss, we contribute to a more sustainable society. Fewer material damages mean that the use of resources and the climate footprint are reduced. At the same time, we must show social responsibility when loss are compensated. In this way, we work for a triple bottom line: environmental, social and economic.

Our business model

Gjensidige has an integrated business model where direct contact with our customers is an essential element. Sustainability is increasingly built into the entire value chain, from product development to compensation settlement, and follows the UN's principles for sustainable insurance. The business is carried out within the framework of our strategy, ethical guidelines (code-of-conduct), laws and regulations, and shall create value for all our stakeholders.

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