Why are we called The Insurance Charities and not The Insurance Charity? There’s a reason behind the name, we were founded in 1902 in Victorian England as The Insurance Clerks Orphanage. At this time the City of London had a high mortality rate, tuberculosis was rife and just one of many diseases spreading around the city.
In response to the high mortality rate suffered by employees, the insurance industry created the Insurance Clerks Orphanage to look after their dependants. Insurance company Phoenix Assurance, who were set up in 1786 and still trade today as Phoenix Life, donated £100 to the Orphanage. They also made a medical examination a condition of employment to try and prevent sick employees infecting others in the workplace.
Various name changes followed reflecting the changing nature of employees needs and in 2004 The Insurance Benevolent and Orphans’ Funds came together to form The Insurance Charities. To reflect the merger we became ‘Charities’ rather than ‘Charity’. We’re proud to still, over a hundred years later be providing help and support to employees working in the insurance sector in the UK and Ireland.
If you are interested in insurance and British history then ‘Phoenix Assurance and the Development of British Insurance’ volumes 1 & 2 by Clive Trebilcock, will take you right through insurance in the UK from 1782 up to 1984.