Excellent diversity, equity and inclusion (DE&I) initiatives indicate a forward-thinking company. Now, Business America Insurance (IBA)) has identified insurance companies with the best DE&I programs in the industry.
He DIFFERENT The team determined the insurance companies with the most effective DE&I programs by inviting the companies to share the initiatives they had focused on over the past 12 months. Over 15 weeks, the team conducted one-on-one interviews with DE&I professionals to understand industry standards for such initiatives and to identify which companies had met or exceeded those expectations.
After receiving the nominations, the DIFFERENT The team surveyed employees of the nominated companies to gauge the effectiveness of DE&I programs. Companies that scored 4.0 or higher on a scale of 1 to 5 were recognized as having 5-star DE&I programs.
The most important factors that companies must include to enhance DE&I programs
According to surveyed employees, the following are the most significant factors a company must implement to improve its DE&I program:
- Employees feel that they belong to the company (4.87 out of 5);
- The knowledge that people’s personal beliefs and traditions are respected (4.83 out of 5);
- Knowing who to contact and where to go if someone needs to report inappropriate diversity-based behavior (4.69 out of 5);
- Work for a company that you can recommend to a friend or colleague from an underrepresented group (4.68 out of 5);
- Have a good training program for diversity (4.51 out of 5); Y
- Create and comply with a good DE&I program (4.47 out of 5).
Insurers in the US with 5-star DE&I programs by 2023
Among the 17 IBA 5-Star DE&I winners for 2023 are:
See the rest of this year’s DE&I 5-Star winners in the US and learn about their standout programs by reading the IBA 5-Star Diversity, Equity, and Inclusion 2023 report.
