The Insurance Industry Charitable Foundation (IICF) is celebrating its five-year anniversary since launching in the UK in 2015.
The foundation works as an industry-wide platform that provides “impactful” charitable giving, volunteering and community engagement, whilst “inspiring insurance leaders to make a positive difference in the communities in which they live and work”.
In light of the milestone, the IICF has now published a five-year impact report that highlights its community and industry impact, as well as the ways that members of the insurance sector can “play a role in the foundation’s future success”.
The report also revealed that the foundation has “improved the lives” of more than 1,600 people in local communities, primarily through grants to small charities that were chosen by industry members.
The IICF has continued to support these charities throughout the pandemic, with the aid of an industry-wide campaign entitled the IICF UK Covid-19 Crisis: Community Relief Fund. Nearly £75,000 has been raised through this fund so far.
As well as its contribution to communities and charities, the IICF has also given support to the insurance industry over the last five years.
Its Associate board of 30 young professionals has helped to “develop the leaders of tomorrow”, for example, and convenes hundreds of industry leaders each year to volunteer and attend events that focus on “bettering” businesses and society.
Wendy Wilder, executive director of IICF UK, said: “On behalf of IICF, I want to say thank you to all of our supporters for the role they have played in our success to-date.
“I am proud to have seen the IICF represent the insurance industry as its charitable foundation for the past five years, giving voice to the remarkable and collective good work achieved by companies and individuals in our community. We look forward to going even further in the next five years.”