|
|
Special Thanks to our Diversity Partners!
Allied Insurance
Chubb Insurance
Encompass Insurance
Erie Insurance Group
Liberty Mutual
MetLife Auto & Home
Safeco Insurance
Selective Insurance
The Hartford
Travelers Insurance
|
|
|
|
|
Message From Big "I" Diversity Task Force Chair
|
|
Insurance is a very mature industry that has seen many changes over the centuries. It has evolved from simply a clever method for ensuring continuity for high-risk niche business endeavors to a legal and fiscal mandate that serves as the safety net for the world's local, regional, and global economies. To remain viable, the insurance industry has had to continuously adapt to the changes that these economies have experienced over time. In the relatively short time that I've been in the industry, I've been impressed by the frequency with which new coverages, policy forms, and lines of business emerge to meet the demands of our changing world.
|
|
|
While the U.S. insurance industry has excelled at adapting to changes in the business environment, other industries have outperformed us at adapting to changes in our country’s social environment. Other industries have anticipated the changing age, gender, and ethnic demographics in our society and they’ve actively positioned themselves to boost their profits in light of, and in spite of, these changes. Many Baby Boomer-led companies implemented succession plans years ago to ensure retention of corporate knowledge before their most experienced staff retired en masse. Gender and ethnicity-based affinity groups have long been encouraged in large corporate and government entities to attract the best talent from their respective populations. Diversity of thought is often promoted as a way of reaching emerging markets that can open up avenues for business growth.
Our industry, particularly at the agency ranks, has been slow to adapt to changes in our country’s social environment. This is understandable given the nature of small business and our focus on immediate and direct impacts on our bottom line. Like so many other aspects of our interconnected world, however, the distinction between the impact of social and economic forces on our bottom line is blurring. Ignoring social changes equates to leaving money on the table. Through the Diversity Task Force, the Big “I” is working to equip our membership with the tools to adapt and thrive in the current socioeconomic climate and ensure the propagation of the agency force.
Click Here to download the Big "I" Diversity Task Force executive summary.
|
|
|
