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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.
Of the 157.5 million people over the age of 16 employed in the U.S. in 2019, 22.3% consider themselves to be non-white, according to data from the U.S. Bureau of Labor Statistics. (Photo: Shutterstock)As the insurance industry seeks to improve minority representation, new data shows that despite modest improvements in the insurance workforce over the past decade, diversity still lacks at the top levels.
According to data S&P Global Market Intelligence compiled from the U.S. Bureau of Labor Statistics, 21.4% of employees in the U.S. insurance workforce considered themselves “non-white” in 2019, increasing from 19.8% in 2018. Nearly a decade earlier, in 2010, the percentage of non-white insurance workers was just 15.3%.
Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].
Copyright © 2023 ALM Global, LLC. All Rights Reserved.
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