Coconut Ventures SL
Madrid, Spain
April 2022
Non-life insurance
Service with Minor Environmental Footprint
Spain
Tuio es una neoaseguradora de origen español que quiere conseguir que el seguro sea fácil, digital y justo. Tuio descansa sobre tres pilares: - Un producto asegurador claro, configurado como una suscripción mensual en la que el cliente puede decidir irse cuando quiere. Además, con unas coberturas adecuadas y de la máxima calidad. Sin letra pequeña ni sorpresas. - Una experiencia digital y moderna, usando la tecnología para mejorar la interacción con sus clientes y conseguir una experiencia de usuario ágil y sin complicaciones. Gracias a la tecnología, Tuio puede facilitar la contratación de seguros en 1 minuto, ser más eficiente y mejorar los precios, y gestionar rápido cualquier petición ofreciendo mayor protección para todos. - Un modelo de negocio más alineado con el cliente, mejor y más justo que las alternativas tradicionales. Al contrario que las aseguradoras tradicionales, Tuio limita sus ingresos a un máximo del 25% de lo que paga el cliente y el resto es directamente destinado a pagar indemnizaciones y reparaciones cuando los clientes tienen un problema. Al final del año, todo el dinero que no ha sido destinado a contratar reaseguro o pagar siniestros no revierte en beneficio para la compañía, sino que se dona a ONGs que han elegido los clientes.
Overall B Impact Score
Governance 19.3
Governance evaluates a company's overall mission, engagement around its social/environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.
Governance 19.3
Governance evaluates a company's overall mission, engagement around its social/environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.
Workers 25.1
Workers evaluates a company’s contributions to its employees’ financial security, health & safety, wellness, career development, and engagement & satisfaction. In addition, this section recognizes business models designed to benefit workers, such as companies that are at least 40% owned by non-executive employees and those that have workforce development programs to support individuals with barriers to employment.
Community 47.5
Community evaluates a company’s engagement with and impact on the communities in which it operates, hires from, and sources from. Topics include diversity, equity & inclusion, economic impact, civic engagement, charitable giving, and supply chain management. In addition, this section recognizes business models that are designed to address specific community-oriented problems, such as poverty alleviation through fair trade sourcing or distribution via microenterprises, producer cooperative models, locally focused economic development, and formal charitable giving commitments.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.
Environment 4.4
Environment evaluates a company’s overall environmental management practices as well as its impact on the air, climate, water, land, and biodiversity. This includes the direct impact of a company’s operations and, when applicable its supply chain and distribution channels. This section also recognizes companies with environmentally innovative production processes and those that sell products or services that have a positive environmental impact. Some examples might include products and services that create renewable energy, reduce consumption or waste, conserve land or wildlife, provide less toxic alternatives to the market, or educate people about environmental problems.
Customers 4.4
Customers evaluates a company’s stewardship of its customers through the quality of its products and services, ethical marketing, data privacy and security, and feedback channels. In addition, this section recognizes products or services that are designed to address a particular social problem for or through its customers, such as health or educational products, arts & media products, serving underserved customers/clients, and services that improve the social impact of other businesses or organizations.