Interest In Socially Responsible Investing Soars To New High – InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading INN Weekly Newsletter Financial
Topics
    • Life Insurance
    • Annuity News
    • Health/Employee Benefits
    • Property and Casualty
    • Advisor News
    • Washington Wire
    • Regulation News
    • Sponsored Content
    • Webinars
    • Monthly Focus
  • INN Exclusives
  • NewsWires
  • Magazine
  • Free Newsletters
Sign in or register to be an INNsider.
  • INN Exclusives
  • NewsWires
  • Magazine
  • Free Newsletters
  • Insider
  • About
  • Advertise
  • Editorial Staff
  • Contact
  • Newsletters

Get Social

  • Facebook
  • Twitter
  • LinkedIn
Advisor News
INN Weekly Newsletter Financial RSS Get our newsletter
Order Prints
October 20, 2021 INN Weekly Newsletter Financial No comments
Share
Share
Tweet
Email

Interest In Socially Responsible Investing Soars To New High

By Press Release

MINNEAPOLIS – Oct. 20, 2021 – Socially responsible investing has taken its place at the head of the sustainability table according to a new study* released today by Allianz Life. Ninety-seven percent of Americans revealed that the social responsibility practices of companies, including taking a stance on important issues, making substantial investments in communities, and treating employees well, factors into their investment decisions. This is not just talk either, but is backed by intent to act. Of those not currently investing in socially responsible companies, 53% indicated they are interested in starting.

In addition to highlighting strong interest in social responsibly from investors, the study confirmed that Americans have particularly high expectations of financial services and insurance companies. Sixty-eight percent said knowing more about the social responsibility efforts of financial services companies would influence their decision to do business with them, and 63% expressed the same about insurance companies. Both of these responses surpassed interest in the specific environmental practices of these companies such as green practices and investing.

“While it is not completely surprising that socially responsible investing has risen to the forefront, the level of interest is surprising,” said Todd Hedtke, chief investment officer, Allianz Life. “Companies need to know that socially responsible practices are not a “nice to have,” they are table-stakes in the mind of the American investor.”

When it comes to taking action, Americans have very clear intent as well.  Seventy-five percent of respondents support investing in companies that have taken positive actions when it comes to social responsibility.

A Closer Look At Insurance And Financial Services Companies

While many look to the retail and consumer-facing organizations that they do regular, ongoing business with, financial services and insurance companies also play an important role when it comes to social responsibility. The study found that:

 

  • 71% indicated a financial services company can have a significant impact on social responsibility and 64% felt the same way about insurance companies.
  • 71% also indicated that financial services companies that embrace social responsibility are better positioned for long-term success with 67% expressing the same view for insurance companies.

 

Following these preferences, 79% of consumers said they are more likely to choose an insurance policy based on the company’s commitments to social responsibility.

 

Millennial Interest Runs Higher Than Expected

While millennial interest in sustainability practices, particularly social responsibility, is well documented, the study found that the next generation of American investors places even more magnitude on social responsibility than previously thought.

 

  • 99% of millennials say social responsibility practices are important when making investment decisions.
  • 80% of millennials support investing in companies with good social responsibility practices.
  • 80% of millennials believe insurance companies with good social responsibility practices are better positioned for long-term success.

 

“Companies have an obligation to drive social responsibility and they are in the best position to bring about large-scale change for the better,” added Hedtke. “Americans rightfully expect the companies they invest in to lead the charge and take tangible steps toward making our society a better place for all.”

 

*Allianz Life conducted an online survey in August 2021 with a nationally representative sample of 1,000 respondents age 18+ with an annual household income of at least $50,000.

Older

Becoming The Main Source Of Retirement Advice Crucial For Advisors

Newer

Transamerica Debuts Employer-Funded HRAs

Advisor News

  • Retirement Savers Remain Confident Despite Short-Term Woes
  • City of Memphis Helps Employees With Financial Wellness Programs
  • IRI CEO: ‘I Am Optimistic for Our Industry’s Future’
  • 2/3 Of Near-Retirees Failed Or Barely Passed A Basic Social Security Quiz
  • Crypto As National Currency? Maybe Not A Good Idea
More Advisor News

Annuity News

  • LibertyMark Freedom Fixed Indexed Annuities Launch
  • Nationwide Adds BNP Paribas Global H-Factor Index To FIA
  • Transamerica Launches Structured Index Advantage Annuity
  • Recommending FIAs: Start With The Client’s Objective
  • NC Man Wins First $5 Million Prize In Scratch-Off Game
Sponsor
More Annuity News

Health/Employee Benefits News

  • EBRI Studies Expanding Pre-Deductible Coverage For Chronic Conditions
  • Most Consumers Choose To Pay Higher LTCi Premiums
  • CMS Creates More User-Friendly Medicare Website
  • Integrity Marketing Group Buys Ritter Insurance Marketing
  • Maine Powerless In Big Fight Between Its Largest Insurer And Hospital
More Health/Employee Benefits News

Life Insurance

  • The 5 Secrets To Retaining Financial Sales Professionals
  • Life Insurance Activity Continues Dip In April But Still Stronger Than 2021, MIB Reports
  • Transamerica Adds Execs To Annuity And Life Insurance Team
  • Northwestern Mutual Invests $5M In Black-Led Financial Institutions
  • Protective Life Closes On AUL Acquisition
More Life Insurance

- Presented By -

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

FEATURED OFFERS

Get Linked INN to your industry Connect with INN on LinkedIn to be first on all the news and insights that matter to your industry.

Press ReleasesAll press releases

  • OneAmerica Commits $1 Million Toward Financial Literacy
  • Transamerica Structured Index Advantage Annuity Offers Investors More Certainty with Upside Growth and Downside Protection
  • Senior Market Sales Creates First-of-Its-Kind Lead Acquisition Platform
  • Growing financial services firm Kuvare opens Des Moines office in East Village, continuing expansion in Iowa
  • BetterLife Selects iPipeline® to Digitally Transform Its Business & Better Serve Future Generations
Add your Press Release >

Topics

  • Life Insurance
  • Annuity News
  • Health/Employee Benefits
  • Property and Casualty
  • Advisor News
  • Washington Wire
  • Regulation News
  • Sponsored Content
  • Webinars
  • Monthly Focus

Top Sections

  • Life Insurance
  • Annuity News
  • Health/Employee Benefits News
  • Property and Casualty News
  • AdvisorNews
  • Washington Wire
  • Insurance Webinars

Our Company

  • About
  • Editorial Staff
  • Magazine
  • Write for INN
  • Advertise
  • Contact

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2022 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • Sitemap
  • AdvisorNews

Sign in with your INNsider Account

Not registered? Become an INNsider.