GITNUXREPORT 2025

Diversity, Equity, And Inclusion In The Insurance Industry Statistics

Insurance industry boosts performance through diversity; inclusion fuels innovation, growth.

Jannik Linder

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: April 29, 2025

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Diversity initiatives can increase employee retention by up to 20%

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Investment in DEI programs in insurance has increased by 30% over the past three years

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70% of insurance companies have official DEI policies in place

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DEI initiatives can help reduce employee turnover by up to 12%

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A survey showed that 72% of insurance companies plan to increase their DEI budgets in the next two years

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The number of initiatives supporting DEI in the insurance sector has increased by 40% in the last three years

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Companies with high diversity are 35% more likely to outperform their peers financially

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Companies with inclusive cultures are 6 times more likely to be innovative

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40% of insurance workers report experiencing bias or discrimination at work

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Companies with gender-diverse leadership are 25% more likely to outperform on profitability

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Companies with diverse boards are 43% more likely to outperform less diverse counterparts

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The rate of employee participation in DEI training programs in insurance is around 50%

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Only 13% of insurance companies have comprehensive DEI metrics to assess progress

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60% of insurance firms have seen increased customer loyalty after implementing DEI policies

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Training programs focused on unconscious bias are attended by approximately 45% of insurance employees

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The median annual salary for minority executives in insurance is approximately 12% lower than their white counterparts

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68% of insurance companies have implemented mentorship programs to improve diversity

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58% of insurance executives believe that DEI will be a key driver for innovation in the next five years

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80% of insurance companies report that their DEI initiatives have contributed positively to their corporate culture

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Overall, only about 10% of insurance companies have publicly disclosed comprehensive DEI reports

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Insurance industry diversity consortia have increased collaboration efforts by 25% in recent years

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80% of insurance companies acknowledge that DEI efforts improve customer satisfaction

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The annual global insurance market size is over $5 trillion, with DEI initiatives contributing to market growth

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65% of millennials prefer working for companies committed to diversity and inclusion

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55% of insurance consumers say diversity influences their purchasing decisions

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75% of insurance consumers consider a company's reputation on DEI when choosing services

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Women make up approximately 30% of executive roles in the insurance industry

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Only 20% of insurance industry employees are from minority backgrounds

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The percentage of Black professionals in insurance is around 8%

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LGBTQ+ representation in the insurance industry is approximately 4%

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Only 15% of senior leadership in insurance are women

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Only 10% of insurance industry executives prioritize diversity initiatives

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The median age of insurance industry employees is 45 years old, indicating a need for greater diversity among younger generations

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The percentage of Asian Americans working in insurance is approximately 7%

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Inclusion programs that address racial disparities have resulted in a 15% increase in minority hiring

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Only 25% of insurance industry employees believe their company actively promotes DEI

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Representation of women in underwriting roles is approximately 35%

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The number of Hispanic professionals in insurance is about 9%

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Only 20% of insurance executives are from minority groups, indicating room for greater inclusion at leadership levels

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The representation of disabled persons in the insurance workforce stands at around 5%

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Women hold approximately 23% of senior management roles in insurance

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The participation of minority women in insurance leadership roles is around 10%, indicating a significant gender and racial gap

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15% of insurance industry firms have dedicated DEI officers or teams

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The percentage of insurance industry employees aged under 30 is approximately 22%, highlighting the importance of attracting diverse youth talent

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Key Highlights

Companies with high diversity are 35% more likely to outperform their peers financially
Women make up approximately 30% of executive roles in the insurance industry
Only 20% of insurance industry employees are from minority backgrounds
Companies with inclusive cultures are 6 times more likely to be innovative
The percentage of Black professionals in insurance is around 8%
LGBTQ+ representation in the insurance industry is approximately 4%
Diversity initiatives can increase employee retention by up to 20%
80% of insurance companies acknowledge that DEI efforts improve customer satisfaction
The annual global insurance market size is over $5 trillion, with DEI initiatives contributing to market growth
65% of millennials prefer working for companies committed to diversity and inclusion
Only 15% of senior leadership in insurance are women
40% of insurance workers report experiencing bias or discrimination at work
Companies with gender-diverse leadership are 25% more likely to outperform on profitability

Despite the insurance industry’s $5 trillion global market, only a small fraction of companies fully embrace diversity, equity, and inclusion—yet those that do outperform their peers financially by 35%, harness greater innovation, and earn higher customer loyalty.

Corporate Policies and Initiatives

Diversity initiatives can increase employee retention by up to 20%
Investment in DEI programs in insurance has increased by 30% over the past three years
70% of insurance companies have official DEI policies in place
DEI initiatives can help reduce employee turnover by up to 12%
A survey showed that 72% of insurance companies plan to increase their DEI budgets in the next two years
The number of initiatives supporting DEI in the insurance sector has increased by 40% in the last three years

Corporate Policies and Initiatives Interpretation

As the insurance industry's commitment to Diversity, Equity, and Inclusion surges—with a 30% boost in DEI investments and a 40% rise in initiatives—it's clear that policies fostering inclusivity are not only transforming workplace culture but also quietly underwriting better retention and reduced turnover, proving that doing good in diversity can be remarkably good for business.

Diversity and Inclusion Metrics

Companies with high diversity are 35% more likely to outperform their peers financially
Companies with inclusive cultures are 6 times more likely to be innovative
40% of insurance workers report experiencing bias or discrimination at work
Companies with gender-diverse leadership are 25% more likely to outperform on profitability
Companies with diverse boards are 43% more likely to outperform less diverse counterparts
The rate of employee participation in DEI training programs in insurance is around 50%
Only 13% of insurance companies have comprehensive DEI metrics to assess progress
60% of insurance firms have seen increased customer loyalty after implementing DEI policies
Training programs focused on unconscious bias are attended by approximately 45% of insurance employees
The median annual salary for minority executives in insurance is approximately 12% lower than their white counterparts
68% of insurance companies have implemented mentorship programs to improve diversity
58% of insurance executives believe that DEI will be a key driver for innovation in the next five years
80% of insurance companies report that their DEI initiatives have contributed positively to their corporate culture
Overall, only about 10% of insurance companies have publicly disclosed comprehensive DEI reports

Diversity and Inclusion Metrics Interpretation

While half of insurance companies participate in DEI training and many see tangible benefits like increased customer loyalty and innovation, the persistent disparities in representation and the elusive nature of comprehensive metrics reveal that the industry has yet to fully walk the Diversity, Equity, and Inclusion talk beyond superficial commitments.

Industry Size, Trends, and Demographics

Insurance industry diversity consortia have increased collaboration efforts by 25% in recent years

Industry Size, Trends, and Demographics Interpretation

The insurance industry’s growing collaboration efforts—up by 25%—indicate that diversity, equity, and inclusion initiatives are not just moral imperatives but strategic accelerators in building a more resilient and innovative sector.

Market and Consumer Perspectives

80% of insurance companies acknowledge that DEI efforts improve customer satisfaction
The annual global insurance market size is over $5 trillion, with DEI initiatives contributing to market growth
65% of millennials prefer working for companies committed to diversity and inclusion
55% of insurance consumers say diversity influences their purchasing decisions
75% of insurance consumers consider a company's reputation on DEI when choosing services

Market and Consumer Perspectives Interpretation

With over $5 trillion at stake, the insurance industry's embrace of diversity, equity, and inclusion isn't just good ethics—it's a smart economic move, as it fuels customer satisfaction, attracts millennial talent, and influences purchasing choices in a market where reputation is everything.

Workforce Composition and Representation

Women make up approximately 30% of executive roles in the insurance industry
Only 20% of insurance industry employees are from minority backgrounds
The percentage of Black professionals in insurance is around 8%
LGBTQ+ representation in the insurance industry is approximately 4%
Only 15% of senior leadership in insurance are women
Only 10% of insurance industry executives prioritize diversity initiatives
The median age of insurance industry employees is 45 years old, indicating a need for greater diversity among younger generations
The percentage of Asian Americans working in insurance is approximately 7%
Inclusion programs that address racial disparities have resulted in a 15% increase in minority hiring
Only 25% of insurance industry employees believe their company actively promotes DEI
Representation of women in underwriting roles is approximately 35%
The number of Hispanic professionals in insurance is about 9%
Only 20% of insurance executives are from minority groups, indicating room for greater inclusion at leadership levels
The representation of disabled persons in the insurance workforce stands at around 5%
Women hold approximately 23% of senior management roles in insurance
The participation of minority women in insurance leadership roles is around 10%, indicating a significant gender and racial gap
15% of insurance industry firms have dedicated DEI officers or teams
The percentage of insurance industry employees aged under 30 is approximately 22%, highlighting the importance of attracting diverse youth talent

Workforce Composition and Representation Interpretation

Despite some strides, the insurance industry’s muster of diversity remains a patchwork of disparities, emphasizing that fostering inclusion is not just good ethics but a strategic imperative to reflect the vibrant demographics it aims to serve.