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Instant Insights / Diversity, Inclusion and Equity in the Insurance Industry

The insurance industry has made notable progress in attracting, retaining and developing diverse talent, but opportunities remain for insurance companies to make diversity and inclusion and central aspect of their culture. In this package, we highlight best practices, research and more to help inform firms' decisions on their path toward promoting and advancing diversity within the insudustry.

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The Mercer report revealed that while 81% of surveyed organizations said they were focused on improving D&I, only 42% reported having a multi-year, documented strategy to make it happen. (Credit: Lightspring/Shutterstock.com)

Despite the insurance industry promoting its efforts for diversity and inclusion and leaders in organizations say they’re serious about spearheading initiatives for diverse hires and teams, progress continues to be slow.

Employees have taken notice, too — a recent study on company culture highlighted 70% of respondents saying their employers were focused on increasing diversity and inclusion in their companies, but only 50% reported seeing diversity in leadership roles. The same study noted a majority of respondents (41%) saying racial diversity was lacking most at their organizations, while 15% felt gender diversity was lacking.

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Richard Binder

Richard Binder, based in New York, is part of the social media team at ALM. He is also a 2014 recipient of the ASPBE Award for Excellence in the Humorous/Fun Department.

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