Modern Slavery Policies

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ION Insurance Group SA– Modern Slavery and Human Trafficking Statement

We are committed to ensuring that no practices of modern slavery or human trafficking take place within ION Insurance Group SA (ION) and its subsidiaries, whether directly or within our supply chain, and to ensuring that we continue to review our practices for consistency with best practice.

ION Insurance Group SA. (ION) is a global insurance organisation. Building on 14 years of experience, today (ION) member companies provide a wide range of property casualty insurance, surety insurance, aviation, marine and other financial services to customers in more than 8 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide financial security. Additional information about (ION) can be found at www.ion.co.cr (ION) is the marketing name for the worldwide property-casualty, aviation, marine, surety and general insurance operations. All products and services are written or provided by subsidiaries or affiliates of ION Insurance Group SA.

Our business and supply chains serve commercial and individual customers in the Global markets. Our insurance products range from property casualty insurance, surety insurance, aviation, marine and other financial services for businesses. (ION) procures various products and services necessary to operate its business on an outsourced basis through third parties. Our supply chains include third party suppliers of IT services, professional services, such as claims handling, accountancy, legal and HR services.

Combating modern slavery and human trafficking and identifying risks

We are committed to ensuring that there is no modern slavery or human trafficking in our supply chains or in any part of our business and expect parties in our supply chain to adhere to these values. We have undertaken an ongoing exercise to systematically amend our supply agreements as they are replaced or renewed, to include obligations concerning adherence to the requirements of the Act.  New supply agreements include such provisions (as well as compliance with applicable laws generally) as part of (ION’s) standard contracts.  These provisions require suppliers to undertake, on an ongoing basis, that they do not have any modern slavery or human trafficking in the businesses or supply chains, and thus support (ION’s) supplier due diligence. As at the date of this Statement, we have not identified evidence of or received any disclosure in relation to modern slavery or human trafficking in our supply chains. However, we intend to continue to monitor our supply chains closely and to properly examine any risks identified.

Employees

We conduct pre-employment screening checks; offer standard working hours for all employees; each of our employees receives a salary which exceeds the National Living Wage and we offer training to managers to prevent bullying and harassment in the workplace.  In addition, we have in place systems and policies to protect whistle-blowers.  This statement is made available to all our staff members and included within our joining materials for new employees.

Declaration

This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 (the Act) and constitutes ION Insurance Group SA slavery and human trafficking statement for the financial year ended 2019.

It was approved by the CEO Richard A Whitney March 31st 2020.