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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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“Now, more than ever, effective risk management requires organizations to embrace diverse opinions. Advancing DE&I is not just the right thing to do — it’s imperative to businesses’ viability and growth,” said Marsh’s Martin South in a statement. (Photo: syahrir/Adobe Stock)

Diversity, equity and inclusion (DE&I) is gaining greater importance in the business world, with almost one-third of risk professionals indicating their companies’ DE&I progress has improved significantly in the past five years, according to the newly released 2021 Excellence in Risk Management Report from Marsh and RIMS.

The report, which is based on responses to a survey and conversations with risk professionals, C-suite executives, and DE&I experts, details how organizations of all sizes and across sectors are paying closer attention to DE&I issues.

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Heather A. Turner

Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].

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