In this short survey, we briefly highlight how a socially sustainable investment insurance scheme can be effective and efficient into the serious economic-financial context determined by the SARS COVID-19 epidemic.

The worldwide spread of contagion from COVID-19 endagers our life with a long-term socio-economic impact.

Nevertheless, this can be an opportunity to make bold choices; in fact the COVID-19 pandemic leads us to explore new forms of public health protection, also through new economic paradigms.

Even before the dramatic challenges posed by the pandemic, one of the most urgent issues is summarized in the following question: what are the strategies for obtaining more sustainable economies and societies?

This question inevitably implies another one: how the economic system and practice could serve people, families and productive activities? And how to strike a balance among profit, sustainability and protection of social well-being?

Moreover, the present circumstances make the same questions more and more urgent, if we consider the interplay between the COVID-19 contagion impact and the economic forecasts.

There is already a growing interest of insurance companies in ESG investments, especially in the green economy sector. Mills (cf. ^{[1][2][3][4][5]}).

The strategic role of insurance companies appears more adequate than ever, since their activity is inherently connected to the protection of primary areas, such as healthcare and welfare and, in general, is linked to the protection of people and productive activities.

In light of these issues, we believe that the design of new virtuous cycles of investments may be of interest; in particular, a project which would unfold through insurance policies’ contractual lines, securitization schemes, investment policies and socially responsible corporate strategies could well fit the new social needs.

The insurance business based on guidelines oriented to the workplace safety, has as its effect the propulsive action for an improvement in the health conditions of a community and produces the effect of a reputational benefit of the insurer involved, with positive results in terms of competitiveness.

So, the idea of designing insurance schemes to be proposed to firms with the aim of protecting the safety of the workplace and the health of workers appears particularly stimulating, especially if included in a risk sharing system through the inclusion of a further counterpart. According to (cf. ^[6]) the actors involved are welfare organizations or insurers, firms that stipulate insurance contracts to protect the workplace, and institutional investors. The risk-sharing strategy allows the insurer to allocate a bonus to the firm that implements a careful policy of protecting the health of workers.

Three aims, basic for sustainable activities, are pursued: the risk of contagion infection that potentially impacts on the health of workers and the entire community is managed and controlled; virtuous behavior is rewarded; the risk is shared among several actors. Such a system is achievable as it allows an increase in the reputational value of the insurer and an increase in the satisfaction of investors sensitive to sustainability issues.

Details and insights can be found in ^[6], where we have proposed for the first time our idea.