Philanthropic Impact in the Insurance Industry

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More and more career seekers are looking for organizations offering something that offers more than just a job. They’re looking for a place where philanthropic impact is a primary focus.

Millennials and Gen Z in particular are starting to prioritize work fields and companies that they feel do good for their community, and support the causes and organizations that are important to them. Many insurance companies support their employees’ efforts to give back through volunteer work, charitable donations, and more.

Feel-Good Workplace

In 2017, Fortune placed insurance companies including Nationwide and USAA among their list of The 50 Best Workplaces for Giving Back. Companies on this list are ranked based on surveys that ask employees about community impact, doing meaningful work, and pride in their jobs and companies. Most of the companies listed offer paid time off for volunteering.

Nationwide also offers a chance to give to the Red Cross. One employee mentioned that the company not only incentivizes blood donation, but they take it one step further by having a Red Cross donation center in the building. There, employees can earn time off for donating blood, without even having to leave work.

Since 2016, all full-time USAA employees have received up to two days of paid time off for volunteering. In the past they have talked to on-base elementary schools, planted sustainable gardens to help feed homeless veterans, and written notes of encouragement to the families of fallen service members.

As one USAA employee puts it, “USAA has a great passion for its members, focused around the military community. We serve those who have served us and are very proud to do it.”

Week of Giving

The Insurance Industry Charitable Foundation, or IICF, is a charity organization directed by insurance industry professionals throughout the United States and the United Kingdom. Their mission is to enrich local communities through volunteer work and leadership.

Each year they host a Week of Giving, in which insurance industry professionals volunteer their time and resources to help out their communities through various organizations, including the IICF’s own Early Literacy Initiative, which partners with the Sesame Workshop to promote literacy in young, underprivileged children.

Supporting Organizations You Choose

Working in insurance can give you the opportunity to support causes and organizations that are important to you, and have your employer support them too. As an employment benefit, many insurance companies will match employee donations to charitable causes, which is what Progressive does with The Progressive Insurance Foundation.

The Allstate Foundation has several initiatives centered on different causes so that employees can volunteer their time for a cause they care about. Among these are Purple Purse, which is dedicated to ending domestic violence, and Good Starts Young, which aims to help adolescents develop the social and emotional skills they need to conquer the world. Additionally, the foundation’s website highlights Allstate employees who have started their own foundations and nonprofits.

If you’re looking for a career that will allow you to give back to your community and make an impact in the world, look no further than insurance. From unique volunteer opportunities to corporate giving, the insurance industry supports many philanthropic endeavors, so you can fuel your passion for helping others.


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