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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Diversity and inclusion issues are firmly in the spotlight on the world stage. (Jakub Krechowicz/Adobe Stock) Diversity and inclusion issues are firmly in the spotlight on the world stage. (Jakub Krechowicz/Adobe Stock)

Litigation against directors and officers over diversity was once a fairly uncommon occurrence. But that all changed in 2020 when a number of lawsuits were filed against several high profile companies, including Facebook and The Gap, Inc., regarding the lack of diversity on their boards of directors, senior executive leadership teams and overall employee base.

At a time of heightened awareness of the many issues and obstacles that black people and ethnic minorities face every day, directors and officers are facing greater scrutiny of how their companies respond to the call for greater diversity and inclusion. Recent lawsuits against large, public companies suggest that the escalating chance of a company being sued over its diversity practices.

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