Insurance Diversity Index
What is the Insurance Diversity Index?
At the core of the Insurance Diversity Index (Index) is the notion of transparency because we understand that knowledge is powerful. Access to information enables consumers to make informed choices when it comes to how they choose to exercise their purchasing power. Likewise, the rise of conscious consumerism spurs companies to listen and evolve. When insurance company leaders choose to align their DEI goals with actions, attention and intentions begin to shift. This is how progress happens.
Progress is a journey that requires sustained commitments to diversity, equity, and inclusion. The evolving COVID-19 global public health crisis compounded by unyielding racial injustices marked by an ever-widening racial wealth gap continue to demonstrate the need to create greater opportunities for California's diverse communities. As companies embark upon or double down on their DEI goals, it is also equally meaningful to see how those initial commitments translate into tangible outcomes.
Insurance companies can strengthen their ability to serve California consumers when they commit to actions that embrace the principles of Diversity, Equity, and Inclusion (DEI). The Insurance Diversity Index is a benchmarking tool that provides information on the progress that companies are making on its commitments to policies and practices that advance three key areas:
- Diversity in the corporate boardroom
- Supplier diversity
- California community impact investments
122 (of 386) insurance companies that earned a distinction on
the 2023 Insurance Diversity Index
The highest-ranked companies (14%) achieved the Gold distinction
The majority of companies (47%) achieved the Silver distinction