3. Diversity | The survey asked respondents how strongly they agreed or disagreed with six statements on diversity. Among risk professionals, men responded slightly more negatively to statements on diversity. For example, when posed with Statement 1 ("We need people from a variety of cultural backgrounds in the risk management field.") 82% of men and 92% of women agreed. When examining age groups, Generation Xers compromised the majority of the respondents, with 89% agreement to each of the diversity statements. Millennials strongly agreed as well, with 93% recognizing a need for a variety of cultural backgrounds and 95% believing that a diversity of perspectives will be vital in 2025. Since these groups will play an increasingly more significant role in the field going forward, Brosius said companies should note what the younger age groups as they experience a changing of the guard with continued retirements of baby boomers. (Credit: Supavadee butradee/Shutterstock) From 2015 to 2019, McKinsey's survey data found that the industry's desire to work toward a single cause increased from 17% to 33%. (Photo: Supavadee butradee/Shutterstock)

In partnership with the Insurance Industry Charitable Foundation (IICF), McKinsey and Company recently released its "Charitable Giving in the Insurance Industry" report update for 2019, identifying a number of growing philanthropic trends in the industry.

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Danielle Ling

Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].