What is Sustainable Insurance?
Ando is proud to now offer the world’s first Sustainable Insurance. It’s been a long time coming, and we’d love for you to join us as we try to do the same for the insurance industry that we’re doing for banking.
As the leader in Sustainable Banking, Ando was founded on the fundamental idea that banking should be a universal force for good with rewarding premium features--unlimited 1.5% cashback on all Ando Visa Debit Card purchases, overdraft protection ¹, a huge network of ATMs, and early access to paychecks ²—that streamline everyday banking while fighting climate change. Sustainable banking also means customers should know what the bank is doing with their money once it’s deposited. Lastly, it meansthe trillions of dollars in the banking sector can and should be directed away from dangerous fossil fuel investments toward companies who share your commitment to fighting climate change. That’s why we exclusively and transparently invest 100% of customer deposits in green initiatives like renewable energy.
Now, just as there are trillions moving through the banking sector, there’s trillions more in the insurance industry. And just as traditional banks have for decades invested customer deposits into fossil fuels, insurance companies have done the same thing with customer premiums. Like with banking, for most of us having insurance is unavoidable, so we knew that a sustainable approach could help harness all that money for good, helping accelerate the move toward a cleaner, greener future.
But here’s the thing—as much as we’d love to say that 100% of the premiums we collect will go toward green initiatives, we can’t...at least not yet. But we’re working hard toward that goal, and that’s why we need your support more than ever. Bottom line: there currently is no insurance carrier that will use 100% of invested premiums for green initiatives, but Ando is committed to partnering only with insurance carriers that are directing a portion of premiums into socially and environmentally-responsible investments. The fastest way to get that “portion” to be 100% is for you to help us prove to them that there are enough customers who deeply care where their premiums go...customers who will gladly give their business to a carrier that shares their values.
The sooner we have a "critical mass” of sustainable insurance customers, the sooner we can compel carriers to adopt Ando’s 100% green investment model. Please, use your voice and “vote” with your money – we know we can get this done, and the more of you who speak up, the faster we’ll get there. This is a journey, and by joining us you’re helping take the first step. The more of you who join, the quicker we’ll be able to convince insurers that customers want their invested premiums to only fund companies that benefit the planet, the environment, and our collective future.
As we begin to offer insurance, we’re pledging to plant trees with every policy, helping to offset the non-green portion of your premiums. (Did you know that a mature hardwood tree can save 48 pounds of CO2 from entering the atmosphere every year? Over the lifespan of a tree, that’s a significant reduction.)
Ando started with banking, we’re now offering insurance, and we’ve got lots more ideas for the future. We’ve always planned to be more than a financial technology company—Ando is a platform that will enable you to integrate your values and beliefs into all aspects of your financial life. We’re here to serve your needs and create options that have never-before existed. You’re our inspiration, and we’ll never compromise our shared principles or stop working toward the day when the deadly effects of climate change are a part of our past, and we’re all living the sustainable future we deserve.
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