Arç cooperativa

We ensure commitment

Monday 2 June 2014, by Anna Llaveria

A. The main facts about the activities of the company.

Arç Integrated Insurance Services is a cooperative that manages insurances in an integrated way by offering:

  • Counseling, study and research of specific insurance products.
  • Management of insurance purchasing with collective criteria
  • Advisory services and risk prevention

It specializes in different fields:

  • Social and solidarity economy: They address cooperatives, social initiative organizations, companies and NGOs for carrying out the management of its insurance. Their knowledge of these sectors enables them to provide a specialized service, focused on their needs.
  • Associations: They manage insurance offers for various associations and federations with whom they share the commitment to social service
  • Renewable energy: They take care of the needs of the sector and are closely linked to companies and experts from Europe and the United States.

B. The Ethical challenges this company is addressing.

The main challenges this company is adressing:

  • Promote the return of the ethical and solidary practice to the insurance market
  • Promote agreement collaborations with other entities in order to increase the social and solidary economy
  • Report social benefits that need to be increased and introduce in the insurance market the inherent practices from the ethical banking

C. What makes you believe this company is really ethical and why you trust it?

This company not only helps people or entities to find the best insurance for them, they also approach solidary companies or associations that normaly due to the object of their bussines (not a monetary objective) the insurance companies don’t approach them. They also verify that the insurances that they are recommending are both ethical and solidary and to assure to their consumers that their money will be used for good practices.

We trust the company for various resaons. One of its reasons is the transparency that the company shows through the social balance and the Sustanibility Report that they publish annually. This Social Report evaluate seven major areas though several indicators: democracy, equality, sustainability, community, participation, quality of work, professional quality, purchasing and eco-social investment. This report enables to spread the social responsibility through every sector and organitzation.
Another reason is that Arç cooperativa is the first insurance mediator in Europe that won the label of EthSI, that assures that the company is promoting a sustainable social, environmental and transparency.

D.The possible challenges facing the company in the future and how you think this company may improve.

The main challenge that Arç has to face is to survive in a really hard sector as the insurance sector is. The reason is that there is a lot of competition and big companies can offer competitive prices that people are attracted to but without the ethical concerns that Arç is defending. These companies use this money in unethical companies or projects to maximize their benefits and for this they can offer these competitive prices. Arç although operates without leaving its main principles and ways to act accordingly with its ethics and social constraints and for this is difficult to offer such competitive prices like other companies are ofering.

Another challange that Arç is dealing is to spread the social and solidary economy beacuse althoug they’ve found some alliances it’s hard to find new collaborations with other entities that also promote the same as they are promoting.

So without alliances for Arç it will be difficult to spread this social responsiblity not only locally but globally thorugh every sector or organitzation.

Bibliography

http://www.arccoop.coop/ca/

Location: Barcelona (Spain)

Sector: Financial and insurance activities

Official website: http://www.arccoop.coop/ca/

Nbr. visits: 438