Property casualty insurers are defining the future of risk management and investing in human capital. The industry is committed to sustainability, community impact, talent, and diversity and inclusion. Insurance is people-focused, that means helping families, individuals, and business owners. It also means committing to our employees and the future of our workforce.
- Today, more than 80 percent of insurers globally have adopted environmental, social, and governance (ESG) investment policies. These three central factors measure the sustainability and societal impact of a company. Environmental policies focus on issues from deforestation to energy efficiency. Social policies range from human rights to fair labor laws and employee relations. Governance includes board diversity and financial transparency.
- Insurers are leading trailblazing diversity and inclusion programs at the company and industry levels.
- For example, Dive In is a global movement in the insurance sector to support the development of inclusive workplace cultures. Its mission is to enable people to achieve their potential by raising awareness of the business case and promoting positive action for diversity in all its forms. Since its birth in 2015, Dive In has grown exponentially, reaching global heights with events taking place in over 60 cities across 32 countries world-wide, attracting more than 10,000 people.
- Beginning in 2020, APCIA partnered with the Life Insurance Council of New York (LICONY) and American Council of Life Insurers (ACLI) to launch the first Women & Diversity Conference in New York City. More than 300 company leaders met to learn and share the great work in the industry around diversity and inclusion and talent recruitment and retainment, offering actionable steps that companies can take to build diverse and inclusive corporate cultures. This conference will serve as a model for future industry collaboration and prioritization of these important issues.
- In 2015, the industry launched the Insurance Careers Movement, a grassroots initiative that seeks to inspire young people to choose insurance as a career, share what makes the industry a great one to work in, and collaborate to retain emerging leaders in insurance. More than 1,000 global industry organizations have come together in support of the Insurance Careers Movement. This year during February’s Insurance Careers Month, we had our biggest year yet in social media promotion, reaching nearly 3 million users of Facebook, Twitter, Instagram, and LinkedIn with positive messaging about working in the industry.
- In February, APCIA launched “Insurance Apprenticeship USA” with Zurich North America and The Hartford to expand apprenticeship opportunities in the insurance industry. While the landscape is certainly different two months later, APCIA is continuing to discuss workforce development issues with companies one-on-one during this time where finding new solutions in human capital will be key to the future of the industry and economy.
- With the importance of recruitment and retainment of young talent in the insurance industry, APCIA launched the Emerging Leaders Program in 2019. This year, we hosted 99 rising stars from 59 companies nominated by their senior leadership—helping to cultivate and inspire the industry’s next generation of leaders.