The re/insurance industry remains at the starting point of its diversity journey, with slow progress being made. But certain changes and initiatives can help companies, and the industry as a whole, push forward.
The industry has made progress on increasing diversity in recent years, but there’s a long way to go, say industry experts. It’s time for businesses to get serious before the consequences become clear.
Diversity in the re/insurance industry won’t just happen. To overcome the challenges of unconscious bias, businesses may need to start holding people accountable for accelerating the rate of progress.
Heavy cat losses and secondary perils ensured rising rates were a given for the 1/1 renewals, but it was the battle between uncertainty and capacity that determined exactly where they landed. Intelligent Insurer reports.