The Insurance Industry Charitable Foundation (IICF), a non-profit organization dedicated to helping communities and enriching lives, has opened a humanitarian aid fund to help refugees in response to the crisis in Ukraine.
“The insurance industry has a long-standing legacy of philanthropic donations, locally and globally, in times of urgent need. Throughout the pandemic ̵1; and now that we are raising money to support Ukrainian refugees – our industry strives to respond quickly and effectively,” he said. Hank Watkins, Regional Director and President of Lloyd’s, Americas and Chairman of the IICF International Board of Governors. which enables us to continue to share the best of our industry with the world. “
Betsy Myatt, Vice President and Chief Program Officer, Executive Director of the IICF Northeast Division, noted that the organization “stands with the world and our industry in calling for peace in Ukraine. With humanitarian efforts underway to meet the needs of nearly 3 Millions of refugees fleeing violence – mostly women, children and the elderly – the IICF will join our industry and many other companies and individuals around the world in this support through the IICF: Ukrainian Humanitarian Aid Fund. ”
“The proceeds will benefit the Red Cross, Save the Children (Children’s Emergency Fund) and CARE (Ukrainian Crisis Fund),” she said. “These non-profit organizations provide immediate assistance in the region to women, children and families made into refugees by the war. Your donation will help support those who have been forced to leave their homes and countries in this most difficult time of need.”
Insurance companies and foundations have already contributed millions of dollars to Ukraine’s rescue efforts. The private sector shows its generosity and solidarity through direct contributions, while at the same time launching creative initiatives to help engage stakeholders, such as employment finance.
The Allstate Foundation, for example, created a $ 1 million dedicated Ukrainian relief fund that will support the American Red Cross, Razom, UNICEF and World Central Kitchen. Employee donations to the fund will receive a 100 percent match. “All states stand with the people of Ukraine and against Russia’s morally reprehensible attacks,” read their statement. “We set up a $ 1 million Ukrainian relief fund and match donations from employees while supporting the freedom, courtesy and compassion of the victims of this war.”
Allianz SE announced that they would provide € 10 million to support humanitarian efforts along with up to € 2.5 million to match employee donations.
The American Family Insurance Dreams Foundation and companies within the American Family Insurance Group have made a collective commitment of $ 50,000 for Ukrainian humanitarian aid. The Dreams Foundation donates $ 10,000 to UNICEF CONNECT, and the General donates $ 10,000 each to the International Committee of the Red Cross; Homesite donates $ 10,000 to Save the Children; and Main Street America pledge $ 10,000 to the CARE Ukraine Crisis Fund.
AXA has taken several initiatives to support the humanitarian crisis triggered by the war, with a donation of 6 million euros to NGOs working in Ukraine and neighboring countries to support civilians and refugees. AXA’s Global Philanthropic Volunteer Initiative for Employees, AXA Hearts in Action, initiated several local projects that will be supported by a group donation.
Hartford matches employee donations to the US Association for UNHR, UNICEF and the International Medical Corps 100 percent. Lloyd’s has donated to the British Red Cross Ukraine Crisis Appeal to support humanitarian aid efforts in the region.
Munich Re said it helps alleviate the difficulties of hundreds of thousands of war refugees. “As people are now primarily fleeing the battle zone via the Polish border, Munich Re is currently concentrating its aid on this region.”
Mario Greco, CEO of Zurich Insurance Group, said: “Zurich is strongly committed to helping alleviate suffering in Ukraine. To this end, the Z Zurich Foundation announced a major fundraising effort to mobilize support from our companies globally for humanitarian relief efforts. Security and The well-being of people throughout the region is an important issue in these sad times. ”