The U.S. insurance industry has achieved only modest gains in increasing diversity over the last 10 years, according to government data compiled by S&P Global Market Intelligence.
S&P found that the percentage of Black or African-American employees in the insurance industry workforce reached 12.4 percent in 2019, an increase from 9 percent in 2010, based on data it assembled from the U.S. Bureau of Labor Statistics.
Asians comprised 6.2 percent of the industry workforce in 2019, up from 4.4 percent in 2010, S&P said in a report.
Approximately 2.7 percent of the insurance workforce was counted by S&P as “other,” including American Indian, Native Alaskan, Native Hawaiian or other Pacific Islanders. S&P explained it did not break out people of Hispanic or Latino ethnicity in the data because they could have selected any race.
Overall, the percentage of nonwhite employees in the insurance workforce came to 21.4 percent in 2019, up from 19.8 percent the previous year, according to S&P’s compiled government data.
The data is part of S&P Global Intelligence’s full report: “Black representation in insurance grows slowly as industry seeks to diversify.”
Was this article valuable?
Here are more articles you may enjoy.
Should Parents Be Responsible for Kids Getting Hurt and Killed on E-Bikes? 
Seven People Charged in $100M Workers’ Compensation Fraud Operation in Florida 
The Great Modern Train Robbery: Thieves Steal $200 Million a Year 
Rhine River Shipping Stalls as Water Level Hits Record Low 
