Establishing and running an insurance agency is a highly profitable venture, thanks to its consistent demand. It is also a great avenue for recurring revenue and can provide the financial security and stability you require in a career. Once you decide the type of insurance product you are going to…...
Dismantling Bias: Unconscious Bias Training for a Fairer Insurance Industry
Racial bias is one of the reasons African Americans pay more for insurance while facing debt collection at high rates. A study by the Consumer Federation of America shows that insurance premiums are 70% higher in communities where African Americans make up at least three-quarters of the population than in…...
Inclusive Insurance: Addressing the Needs of Underserved Communities
The insurance market, while it remains widespread across the U.S., isn’t fully inclusive. The racial and financial gap in the insurance realm caused by various reasons cannot be ignored. According to Life & Health Insurance Inclusion Radar, affordability and accessibility are the two main reasons behind insurance exclusivity. That said,…...
Encouraging Diversity and Equity in Your Company’s Leadership
Despite the constant calls for diversity and equity in companies, it is unfortunate that most companies, including those offering financial services and insurance, are still behind in their representation. Studies by McKinsey & Company show that Black professionals in senior managerial positions only make up 4% of the workforce. Given…...
How the NAAIA Foundation can help more African Americans succeed in the Insurance and Financial Services industries
Scholarships, business ownership, leadership development, and community development are central to the work of the NAAIA Foundation. The organization will support those who help African Americans enjoy success in Insurance and Financial Services as well as African American communities impacted by disasters. The foundation’s leadership is aware that its efforts…...
Atlanta holds special meaning as NAAIA Foundation looks ahead to Inaugural Fundraiser
When Ken Branch, CEO and Chair of the NAAIA Foundation, and his organization started planning its first-ever fundraiser, choosing a host city took very little time. “I think saying you want to help Africans Americans in the insurance and financial space and choosing Atlanta as the place to launch it…...
NAAIA Foundation leadership sets its sights on 2023 priorities
As the NAAIA Foundation prepares for its Inaugural Fundraiser on March 30 in downtown Atlanta, its leadership intends to make a big impact in the upcoming year. NAAIA Foundation CEO and Chair Ken Branch said the organization will focus on three areas: raising awareness of the foundation, fundraising, and distributing…...
Helping more African Americans thrive in the insurance industry
African Americans are generally underrepresented in the insurance industry. According to a recent report, only 13 percent of workers in the industry are African American. But with rising calls for diversity, the industry has made some progress in employing and promoting more people of color in recent years. So, how…...
Creating a more inclusive culture in insurance: best practices for companies and employees
Many companies in the insurance industry are actively working to diversify their workforces and foster inclusive work environments by launching company-wide initiatives, internship and recruiting programs, employee resource groups, and community outreach activities. Here are some best practices for companies and employees to build a more inclusive workplace culture. Make…...
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