QBE has become the anchor investor in Save the Children’s Impact Investment Fund as part of its Premiums4Good initiative, which has climbed to $US904 million ($1.26 billion) in impact investments over five years.

Premiums4Good sees QBE invest a portion of all customer premiums into investments that have social or environmental benefits.

The Save the Children fund, which opened to investors in January, supports enterprises that address social and humanitarian issues. It will focus on innovations in edtech, e- health and fintech, improving the lives of disadvantaged children and families.

Gary Brader, QBE Group CIO, said the investment supports an ambition to lift QBE’s impact investment allocation to $US2 billion ($2.79 billion) by 2025.

QBE’s Premiums4Good portfolio has invested in 66 enterprises, supporting renewable energy and sustainable infrastructure, social services and programs to support vulnerable people and communities around the world.

“We recognise the need for leading institutional investors to play a bigger part in investing with consideration of not only the financial returns but also the social and environmental returns,” Mr Brader says.