Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

QBE Directs $2.6million To COVID-19 Response

QBE Insurance today directed AUD$2.6million to support the global response to the COVID-19 crisis.

Funds will be deployed through the QBE Foundation’s existing charity and not-for-profit partners around the world, to assist those agencies in dealing with increase demand for their services and help offset a decrease in donations and funding due to the economic impact of COVID-19. This includes QBE’s disaster relief partners with $770,000 contributed to Red Cross National Societies in Australia, UK, Italy, USA and Philippines and $730,000 distributed to Save the Children in Australia, Pacific, Europe and Hong Kong.

QBE Group CEO, Pat Regan, said by supporting our community partners, QBE would in-turn be supporting the most vulnerable in our communities in their time of need.

“The health and economic crisis caused by the COVID-19 pandemic is having an enormous impact on our customers and their communities right around the world and we are enormously proud of the work our charity partners are doing to support those facing hardship during this unprecedented time.

“At times like these, it is vital that business steps up to assist, which is why we are dedicating funds, bringing forward future funds and enabling more flexible use of existing grants and funding provided through our global Foundation, to ensure that our charity partners have the resources they need most right now.”

Mr Regan said QBE had worked with charity partners around the world to identify opportunities for which funds can be deployed immediately to support the COVID-19 response.

Funding will be used to support a range of projects including Save the Children’s work in communities in Papua New Guinea, Vanuatu, Solomon Islands and Fiji, where communities are at even greater risk in the wake of Tropical Cyclone Harold, one of the most powerful storms every recorded in the Pacific.

This will include:

  • Promoting social distancing and ensuring families can buy essential food and hygiene supplies by delivering cash transfers to the most vulnerable people using mobile phones;
  • delivering public health messaging through engagement with communities;
  • supporting child protection initiatives; and
  • rolling-out an online education platform.

Other initiatives include:

  • The provision of $220,000 in additional funding is being distributed amongst our partners, including grants to both Foodbank Australia and KidsCan NZ who are working to provide food relief across Australia and New Zealand to some of the most vulnerable people in the community.
  • A provision £400,000 in additional funding in response to COVID-19 emergency appeals across QBE’s European territories, including a grant of £50,000 to the British Red Cross to support their work with the National Health Service (NHS), the vulnerable, elderly, refugees and asylum seekers.
  • A grant of US$100,000 in North America, in partnership with Village Capital to explore challenges to financial resilience that have emerged during the COVID-19 crisis such as the lack of social safety net for workers in the gig economy, and support solutions that create long-term economic stability.
  • Supporting the Philippine Business for Social Progress to support indigent families impacted by the lockdown in Manila.
  • Supporting Save the Children and Habitat for Humanity, who are providing hygiene kits to low income families, the elderly and other vulnerable groups plus laptops and mental health support to children in low income families in Hong Kong.
  • Helping Beyond Social Services to provide food vouchers and hygiene kits to children and youths from low income families living in public rental blocks in Singapore.

“I’m incredibly proud of the speed with which our teams mobilised, despite the challenging circumstances we are all experiencing at the moment, to work with our charity partners, cut red tape and get these vital funds moving.”

Mr Regan said QBE’s $2.6 million commitment came on top of measures being rolled out across QBE to support customers experiencing financial hardship as a result of COVID-19.

“This is an extraordinary time and while the road to recovery remains uncertain, we will continue to be there to support our customers and their communities, true to our purpose to give people the confidence to achieve their ambitions.”

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Science Media Centre: Funding For R&D In New Zealand – Expert Reaction

Research, Science and Innovation Minister Dr Megan Woods has today announced $401.3 million funding for research and development through Budget 2020 and the COVID Response and Recovery Fund. The fund includes $150 million for an R&D loan scheme, ... More>>

ALSO:

Maritime NZ: NZ Joins Global Initiative Keeping Ports Open And Freight Moving

New Zealand has joined an international port authorities’ global initiative for safe and efficient movement of goods and shipping during the COVID-19 crisis. World-wide, 56 port authorities have agreed how they will work together facilitating maritime ... More>>

ALSO:

National: National Backs Businesses With $10k JobStart

National will provide a $10,000 cash payment to businesses that hire additional staff as part of our commitment to keeping New Zealanders in jobs, National Party Leader Todd Muller and Finance spokesperson Paul Goldsmith have announced. Our JobStart ... More>>

ALSO:

DIY Law: Government Exempts Some Home Improvements From Costly Consents

Homeowners, builders and DIYers will soon have an easier time making basic home improvements as the Government scraps the need for consents for low-risk building work such as sleep-outs, sheds and carports – allowing the construction sector ... More>>

ALSO:

Media Awards: The New Zealand Herald Named Newspaper Of The Year, Website Of The Year At Voyager Media Awards

The New Zealand Herald has been labelled a “powerhouse news operation” as it claims the two biggest prizes – Newspaper of the Year and Website of the Year – along with many individual awards at the 2020 Voyager Media Awards Website of the ... More>>

ALSO:

ASB Bank: ASB Takes The Lead Again With New Low Home Loan Interest Rate

ASB has moved again to support its customers, cutting a number of home loan rates, including the two-year special rate to a new low of 2.69% p.a. Craig Sims, ASB executive general manager Retail Banking says the reduced rate will be welcome news for many ... More>>

ALSO:

Nathan Hoturoa Gray: The Problems With Testing And Case Statistics For Covid-19

To begin to understand disease transmission in a country requires adequate testing of your population with properly vetted, accurate tests. As the world struggles to find what 'adequate percentage' of the population is necessary, (estimates predict ... More>>

ALSO:

RNZ: Fletcher Building To Lay Off 1000 Staff In New Zealand

The construction company will cut around 10 percent of its workforce as it struggles with the fallout from Covid-19. More>>

ALSO:

Can Pay, Won't Pay: Cashflow Moves Urged

Government Ministers are asking significant private enterprises to adopt prompt payment practices in line with the state sector, as a way to improve cashflow for small businesses. More>>

ALSO:

Gordon Campbell: On Why We Should Legally Protect The Right To Work From Home

For understandable reasons, the media messaging around Level Two has been all about “freedom” and “celebration”, but this is not necessarily going to be a universal experience. When it comes to workplace relations, Level Two is just as likely to ... More>>

ALSO:



New Zealand Government: Supporting Kiwi Businesses To Resolve Rent Disputes

The Government will legislate to ensure businesses that suffered as a result of the COVID-19 response will get help to resolve disputes over commercial rent issues, Justice Minister Andrew Little announced today. More>>

ALSO:


Science Media Centre: Understanding 5G Concerns – Expert Q&A


Recent attacks on cell phone towers have brought concerns over the rollout of 5G technology into sharp relief.
While scientific research has consistently shown that the technology does not adversely affect human health, public concerns about its impact have spread around the world, fueled in part by growing misinformation online. The SMC asked experts to comment... More>>

ALSO:


Trade: Record Monthly Surplus As Imports Dive

Imports in April 2020 had their biggest fall since October 2009, resulting in a monthly trade surplus of $1.3 billion, Stats NZ said today. “This is the largest monthly trade surplus on record and the annual goods trade deficit is the lowest ... More>>

ALSO:


Media Blues: Stuff Chief Executive Buys Company For $1

Stuff chief executive Sinead Boucher has purchased Stuff from its Australian owners Nine Entertainment for $1.
The chief executive was returning the company to New Zealand ownership, with the sale is expected to be completed by 31 May.
"Our plan is to transition the ownership of Stuff to give staff a direct stake in the business as shareholders," Boucher said in a statement.... More>>

ALSO:

RNZ: Bar Reopening Night 'much, Much Quieter'

Pubs and bars are reporting a sluggish first day back after the lockdown, with the fear of going out, or perhaps the joy of staying home, thought to be a reason for the low numbers. More>>

ALSO:

Stats NZ: New Zealand’s Population Passes 5 Million

New Zealand's resident population provisionally reached 5 million in March 2020, Stats NZ said today. More>>

NIWA: Seven Weeks Of Clearing The Air Provides Huge Benefits: Scientist

Seven weeks of lockdown has provided evidence of how pollution can vanish overnight with benefits for the environment and individuals, says NIWA air quality scientist Dr Ian Longley. Dr Longley has been monitoring air quality in Auckland, Wellington ... More>>

ALSO:

Government: Milestone In Cash Flow Support To SMEs

A significant package of tax reforms will be pushed through all stages in Parliament today to throw a cash flow lifeline to small businesses. More>>

ALSO: