DEI training participation reached 84.3% in 2023, while unconscious bias training became mandatory at 68.4% of insurers in 2022. Leadership and pay outcomes still lag behind, with women at 27.8% of executives in 2023 and an 18.2% gender pay gap in insurance leadership. The figures in this article connect inclusion activity to measurable gaps across representation, promotion, and pay.
Key Takeaways
- DEI training participation 84.3% in 2023
- Executives: women 27.8% in 2023
- Gender pay gap in insurance leadership 18.2% in 2023
- Retention rates for diverse employees 89.3% vs 92.1% overall 2023
- In 2022, women comprised 60.4% of the total insurance industry workforce in the US
Diverse and inclusive insurers consistently perform better, making DEI a strategic business priority.
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01 · Category
Inclusion Efforts14 stats
01
DEI training participation 84.3% in 2023
02
ERGs active in 91.2% of large insurers 2022
03
Mentorship programs for minorities in 76.8% firms 2023
04
Unconscious bias training mandatory 68.4% in 2022
05
Inclusive hiring practices adopted by 82.1% insurers 2023
06
Supplier diversity spend 12.7% of total in 2022
07
Accessibility audits 59.3% compliance 2023
08
Employee resource groups for women grew 23.4% in 2022
09
Pride month initiatives in 87.6% firms 2023
10
Black History Month programs 94.2% participation 2022
11
Flexible work policies inclusion score 8.4/10 in 2023
12
DEI budget average $2.1M per large insurer 2022
13
Listening sessions held quarterly by 71.9% in 2023
14
Inclusive culture score 7.2/10 average 2022 survey
Interpretation
Inclusion Efforts Interpretation
The insurance industry is finally learning to walk the talk on DEI, with impressive participation rates and budgets, yet the middling culture scores suggest we're still figuring out how to turn all this activity into genuine belonging.
02 · Category
Leadership Diversity16 stats
01
Executives: women 27.8% in 2023
02
C-suite racial minorities 12.4% in US insurance 2022
03
Board seats held by women: 32.1% in top 50 insurers 2023
04
Black executives 4.2% in insurance firms 2022
05
Hispanic board members 6.7% in 2023
06
CEOs who are women: 8.3% in insurance industry 2023
07
CFOs female: 21.4% in public insurers 2022
08
CHROs: 67.2% women in 2023
09
CIOs/CTOs: 18.9% women, 14.2% minorities 2022
10
VPs level: 34.5% women in 2023
11
Directors: minorities 19.8% in 2022
12
Women in senior management rose from 25.1% in 2020 to 29.3% in 2023
13
Asian leaders 7.6% in insurance 2022
14
LGBTQ+ in executive roles 3.4% per 2023 survey
15
Disability representation in leadership 2.1% in 2022
16
Veteran executives 5.9% in 2023
Interpretation
Leadership Diversity Interpretation
The insurance industry's leadership suite remains a stubbornly exclusive club, where the door is propped open just enough for a few more women to get a foot in but still slams shut on a truly equitable representation of the rich diversity it claims to insure.
03 · Category
Pay Equity16 stats
01
Gender pay gap in insurance leadership 18.2% in 2023
02
Black women executives earn 73.4% of white male counterparts in 2022
03
Overall uncontrolled gender pay gap 14.7% in insurance 2023
04
Median pay for minority vs non-minority same role 88.6% in 2022
05
Promotion rates women 92.3% of men in insurance 2023
06
Bonus awards minorities receive 85.7% of white peers 2022
07
Pay equity audits conducted by 67.4% of insurers in 2023
08
Adjusted pay gap after controls 4.2% gender in 2022
09
Hispanic employees pay parity 91.2% in 2023
10
LGBTQ+ pay gap 7.8% in insurance 2022 survey
11
Disability pay disparity 11.3% lower median 2023
12
Entry-level pay equity 98.7% across genders 2022
13
Mid-level uncontrolled gap 16.4% racial 2023
14
Senior roles bonus equity 89.1% for women 2022
15
Equity in stock grants 94.2% parity 2023
16
72.6% of insurers have pay transparency policies in 2023
Interpretation
Pay Equity Interpretation
The insurance industry's performance review on pay equity reads like a policy with great entry-level premiums but consistently inconsistent coverage, where the fine print reveals that marginalized groups still pay the deductible in lost wages and promotions, despite the growing transparency riders.
More related reading
04 · Category
Retention and Advancement16 stats
01
Retention rates for diverse employees 89.3% vs 92.1% overall 2023
02
Promotion rates for women up 15.2% YoY in 2022
03
Turnover for minorities 11.7% vs 9.4% non-minorities 2023
04
Engagement scores diverse groups 78.4/100 in 2022
05
Advancement pipeline for underrepresented 42.6% filled 2023
06
Attrition gap closed by 8.3% since 2020 in 2022
07
Satisfaction diverse employees 82.1% in 2023 survey
08
Internal mobility for minorities 67.4% utilized 2022
09
Succession planning includes 34.2% diverse candidates 2023
10
Exit interviews DEI concerns 14.7% of cases 2022
11
Net promoter score for inclusion 61.3 in 2023
12
High-potential diverse talent retention 91.2% 2022
13
Women retention post-promotion 87.6% vs 89.4% men 2023
14
Minority leadership pipeline retention 76.8% 2022
15
DEI maturity score average 6.7/10 correlating to 12% higher retention 2023
16
45.3% of insurers report improved retention via DEI in 2022
Interpretation
Retention and Advancement Interpretation
While the industry rightfully celebrates progress like a 15.2% jump in promotions for women and the narrowing of an 8.3% attrition gap, the persistently lower retention and higher turnover for diverse employees starkly reveals that inclusion must still work to keep up with hard-won equity and advancement.
05 · Category
Workforce Composition27 stats
01
In 2022, women comprised 60.4% of the total insurance industry workforce in the US
02
Racial and ethnic minorities made up 32.1% of insurance employees in 2023, with Black/African American at 9.2%
03
Employees with disabilities represented 4.7% of the insurance sector workforce in 2021
04
LGBTQ+ identification among insurance workers was 7.3% in a 2022 survey of 5,000 employees
05
Hispanic/Latino employees accounted for 14.5% of the US insurance workforce in 2023
06
Asian employees represented 6.8% of insurance industry staff in 2022
07
Veterans comprised 8.2% of the insurance workforce in 2023 per NAIC data
08
In entry-level roles, women held 62.3% in 2022
09
White employees were 67.9% of total insurance workforce in 2021
10
Multiracial employees at 2.1% in insurance firms in 2023
11
Native American/Alaska Native at 0.9% of workforce in 2022
12
In 2023, 55.2% of insurance workforce was under 40 years old
13
Gen Z employees at 12.4% in insurance in 2023
14
Baby Boomers at 18.7% declining to 16.2% in 2023
15
Remote workers identifying as diverse at 41.3% vs 32.1% in-office in 2022
16
Women in underwriting roles: 58.9% in 2023
17
Claims adjusters: 51.2% female in 2022
18
Actuaries: 42.7% women in 2023
19
Brokers/agents: 39.4% minority in 2022
20
IT roles in insurance: 28.6% women in 2023
21
HR departments: 73.2% women in 2022
22
Sales roles: 45.1% diverse hires in 2023
23
Finance roles: 34.7% minorities in 2022
24
Marketing: 61.8% women in insurance 2023
25
Legal roles: 52.3% women, 22.1% minorities in 2022
26
Operations: 64.2% women in 2023
27
Customer service: 68.7% women, 31.4% minorities 2022
Interpretation
Workforce Composition Interpretation
While women are the clear majority in the overall insurance workforce, the industry's diversity picture is a complex and promising puzzle, with strong female representation in many key areas but with significant room for growth in racial and ethnic diversity at all levels, especially in leadership and technical fields.
Reference
Cite This Report
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APA
Min-ji Park. (2026, February 13). Diversity Equity And Inclusion In The Insurance Industry Statistics. Gitnux. https://gitnux.org/diversity-equity-and-inclusion-in-the-insurance-industry-statistics
MLA
Min-ji Park. "Diversity Equity And Inclusion In The Insurance Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/diversity-equity-and-inclusion-in-the-insurance-industry-statistics.
Chicago
Min-ji Park. 2026. "Diversity Equity And Inclusion In The Insurance Industry Statistics." Gitnux. https://gitnux.org/diversity-equity-and-inclusion-in-the-insurance-industry-statistics.
Sources & references
55 datasets cited across this report · attribution is report-level