World's most ethical insurance company named

Alexander Brigham, executive director of Ethisphere Institute, said "we applaud Allianz. The Allianz Group is among the companies honoured this year because they have developed impressive and meaningful ethical business practices, making them true standouts within their industry."

“They go well beyond legal minimums, opting instead to bring about innovative ideas that contribute to the public well being. By their actions, they are forcing their competitors to follow suit (or fall behind) and truly embodying the notion that ethical business practices are more profitable in the long run."

In compiling the list, analysts reviewed more than 10,000 of the worlds leading companies taking into account their codes of ethics, investment in sustainable business practices, regulatory compliance histories and feedback from suppliers, customers and peers.

Mr Nicholas Scofield, General Manager Corporate Affairs said, “For Allianz, being in business is more than just about delivering high quality and competitive products and services, it is also about being a force for good in the communities in which we operate and society generally.”

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