Department of Insurance hosts historic matchmaking session pairing diverse suppliers with 14 large insurers to increase supplier diversity
News: 2014 Press Release
LOS ANGELES, Calif. - At the 3rd Annual Insurance Diversity Summit, Insurance Commissioner Dave Jones hosted a historic matchmaking session where 14 of the nation's largest insurers met with more than 50 California diverse suppliers in an effort to increase supplier diversity in the insurance market. The commissioner also released the results of a first in the nation insurer governing board diversity survey.
Diverse suppliers from across the state were paired in one-on-one sessions with insurance companies. The matchmaking sessions, coordinated in partnership with My Business Matches, offered California's diverse suppliers the opportunity to present their company's goods and services to insurers, in hopes of competing for upcoming contract bids. By providing a platform for diverse suppliers and insurers to meet, and encouraging insurers to create supplier diversity programs, Commissioner Jones is leading the nation in establishing supplier diversity in the insurance market.
"I created this initiative to focus on diversity issues within California's $123 billion insurance industry, as this is a real and tangible way to make a positive impact on our state's economy," said Commissioner Jones. "Today we took a big step in moving this forward by coordinating a matchmaking session, which is one of the most effective ways to build new partnerships and ensure that more contracts will be signed with our state's talented pool of diverse suppliers."
In addition to the release of the survey results and the matchmaking session, three insurance companies and two stakeholders were recipients of the 2014 Diversity Awards.
CSAA Insurance Exchange was recognized for its successful and innovative approaches to diverse supplier development and for providing increased opportunities to diverse suppliers. Kaiser Permanente received an award for its significant efforts to continue to diversify its board of directors and leadership. Blue Shield of California was awarded for showing a commitment to both supplier diversity and governing board diversity.
Ramon Jones, Regional Vice President of Nationwide, received the Supplier Diversity Trailblazer award for championing supplier diversity and being a leader in moving supplier diversity forward in the insurance industry. Carla Harris, Managing Director of Morgan Stanley, was honored with the Governing Board Diversity Trailblazer award for making great strides in advocating for governing board diversity.
"CSAA Insurance Exchange, Kaiser, Blue Shield, Carla Harris and Ramon Jones are leaders in the field of diversity within the insurance industry, and I commend them for furthering the goals of the Initiative and working with us as partners to ensure its success," Jones added.
- The results for each of the surveys, along with reports and resource documents, are available at http://www.insurance.ca.gov/diversity/index.cfm.
- Photos from the 3rd Annual Diversity Summit are available on our Flickr page www.flickr.com/ca_dept_insurance.
- My Business Matches is a global matchmaking firm. More information can be found here: https://www.mybusinessmatches.com/.
- For more information about the Insurance Diversity Initiative, visit: http://www.insurance.ca.gov/0250-insurers/0700-coin/Index.cfm.
The California Department of Insurance, established in 1868, is the largest consumer protection agency in California. Insurers collect $310 billion in premiums annually in California. Since 2011 the California Department of Insurance received more than 1,000,000 calls from consumers and helped recover over $469 million in claims and premiums. Please visit the Department of Insurance website at www.insurance.ca.gov. Non-media inquiries should be directed to the Consumer Hotline at 800-927-4357. Teletypewriter (TTY), please dial 800-482-4833.