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Tuesday, 02/09/2010 

 

 

Special Thanks to our Diversity Partners!

Chubb Insurance
Encompass Insurance
Erie Insurance
MetLife Auto & Home 
Safeco
Selective Insurance
The Hartford
Liberty Mutual
Travelers Insurance

 

About Diversity


The Diversity Task Force is a cooperative industry group comprised of Big “I” agents and brokers, members of groups representing Latin-American, African-American and Asian-American agents, and seven leading insurance companies.

Mission:
The Task Force is charged with fostering a profitable independent agency force that reflects, represents and capitalizes on the opportunities of the diverse U.S. population.

Goals: 
The Task Force strategic plan outlines several key goals:

  • Develop a database of minority agents and agencies
  • Attract and recruit people of diverse backgrounds to make a career in the insurance industry
  • Build strategic alliances with organizations and increase visibility of the Diversity Task Force efforts in the insurance industry and business community at large
  • Assist IIABA members to better penetrate, attract, and retain a customer base of diverse clientele
  • Build better relationships with the state associations and IIABA national leadership so that value of having ethnically diverse independent agency system is fully understood and recognized as a critical goal for future prosperity and growth 
  • Support minority member agents in obtaining company appointments

Are you ready for change?

Article of Importance:  An Older and More Diverse Nation by Midcentury
(From the U.S. Census Bureau)

The nation will be more racially and ethnically diverse, as well as much older, by midcentury, according to projections released today by the U.S. Census Bureau.

Minorities, now roughly one-third of the U.S. population, are expected to become the majority in 2042, with the nation projected to be 54 percent minority in 2050. By 2023, minorities will comprise more than half of all children.

In 2030, when all of the baby boomers will be 65 and older, nearly one in five U.S. residents is expected to be 65 and older. This age group is projected to increase to 88.5 million in 2050, more than doubling the number in 2008 (38.7 million).  Similarly, the 85 and older population is expected to more than triple, from 5.4 million to 19 million between 2008 and 2050.

By 2050, the minority population - everyone except for non-Hispanic, single-race whites - is projected to be 235.7 million out of a total U.S. population of 439 million. The nation is projected to reach the 400 million population milestone in 2039.

The non-Hispanic, single-race white population is projected to be only slightly larger in 2050 (203.3 million) than in 2008 (199.8 million). In fact, this group is projected to lose population in the 2030s and 2040s and comprise 46 percent of the total population in 2050, down from 66 percent in 2008.

Meanwhile, the Hispanic population is projected to nearly triple, from 46.7 million to 132.8 million during the 2008-2050 period. Its share of the nation's total population is projected to double, from 15 percent to 30 percent. Thus, nearly one in three U.S. residents would be Hispanic.

The black population is projected to increase from 41.1 million, or 14 percent of the population in 2008, to 65.7 million, or 15 percent in 2050.

The Asian population is projected to climb from 15.5 million to 40.6 million. Its share of the nation's population is expected to rise from 5.1 percent to 9.2 percent.

Among the remaining race groups, American Indians and Alaska Natives are projected to rise from 4.9 million to 8.6 million (or from 1.6 to 2 percent of the total population). The Native Hawaiian and Other Pacific Islander population is expected to more than double, from 1.1 million to 2.6 million. The number of people who identify themselves as being of two or more races is projected to more than triple, from 5.2 million to 16.2 million.

 

Upcoming Events

 
Chinese American Insurance Association
19th Annual Banquet
Thursday, February 25, 2010
Jing Fong Restaurant
New York, NY
For more information, visit the CAIA website at www.caiany.org


Independent Insurance Agents & Brokers of America, Inc.
Diversity Luncheon
 (by invitation only)
Big "I" Legislative Conference & Convention
Friday, March 5, 2010
Marriot Wardman Park Hotel
Washington, DC

* Keynote Speaker *

Harold L. Morrison, Jr.
Executive Vice President & Chief Global Field Officer
Chubb Group of Insurance Companies
Click Here to view biography


National African American Insurance Association   
For more information, visit the NAAIA website at www.naaia.org


Latin American Association of Insurance Agents 
For more information, visit the LAAIA website at www.laaia.com

 

  Contact Us

For more information, please contact:
   
Lisa Johson-Briggs Program Manager, Agent Development, Education and Research   
Madelyn Flannagan, VP Agent Development, Education and Research 

    


Independent Insurance Agents & Brokers of America, Inc.
e-mail: info@iiaba.org

127 South Peyton Street • Alexandria, VA 22314
(800) 221-7917 • (703) 683-7556 (fax)

 

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