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News & Press: Industry News

Insurance Commissioner Jones Hosts Diversity Summit

Tuesday, March 20, 2018  
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Insurance Commissioner Dave Jones on March 2 hosted the first Governing Board Diversity Summit. The event brought together insurance company CEOs and leadership executives from across the United States and London.

Commissioner Jones launched the California Insurance Diversity Initiative in 2011 to focus on diversity issues in California’s insurance industry. Since then Jones reports that there has been a major increase in insurer procurement from diverse suppliers. According to Jones, the Insurer Governing Board Diversity Summit was held to allow industry leaders an opportunity to share ideas and best practices with regard to increasing the diversity of governing boards.

In 2016, Commissioner Jones and insurance commissioners across six states established the Multistate Insurance Diversity Survey Initiative to understand the state of supplier and governing board diversity among the nation's now $1.84 trillion insurance industry. Through transparency, these efforts aim to increase more diversity on insurer governing boards, encourage economic opportunities, and increase procurement from the nation's diverse suppliers.

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