Allianz has donated $50,000 to a NSW scholarship fund that helps refugees.

The Settlement Services International (SSI) and Allianz Australia Refugee Scholarships scheme has given more than $90,000, including the insurer’s donation, to 48 recipients studying at various levels in the state’s education system.

“Insurers are tied by the nature of their business to healthy and sustainable developments in society,” Allianz Diversity and Sustainability Manager Charis Martin-Ross told insuranceNEWS.com.au. “The insurance industry can and must be a force for good.

“The SSI Allianz scholarship focuses on educational scholarships, given the criticality of education in developing long-term prosperity for the successful applicants and their families.

“Allianz is proud to support diverse communities in Australia and to give an opportunity to some of those people who have come to this country as a result of misfortune and instability in their homeland.”

Recipients must be on permanent humanitarian visas, have been in Australia for five years or less, and demonstrate socioeconomic disadvantage or family challenges.