With data showing natural disasters are on the rise, climate change is here, and it is real. Meanwhile, marginalized and underserved communities are increasingly facing disproportionate impacts from natural disasters. These communities also receive disproportionate relief and assistance following the aftermath of disasters, as a result of systemic and socioeconomic…...
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…...
From Classroom to Boardroom: Strengthening Insurance Education and Career Opportunities for Students of Color
Increasing career opportunities for students of color should bring together policy makers, non-government organizations, educational institutions, and individuals if the goal is to create inclusive and equitable workplaces, educational landscapes, and communities in America. With equal access to quality education, students of color can secure a plethora of job opportunities.…...
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,…...
Overcoming Obstacles as a Young Black Entrepreneur
African Americans have made significant contributions to the business landscape globally. Unfortunately, the road to success for black entrepreneurs has several obstacles. While the number of black-owned businesses has increased, black entrepreneurs should contend with very tough barriers. For instance, even though funding is a standard challenge for small businesses,…...
Fostering Success for Black Business Owners
Black business owners often have to overcome big odds in their desire to achieve the American dream. Fortunately, they can count on the support of some forward-thinking individuals and institutions to overcome these barriers. What are the most pressing challenges that black-owned businesses face, and how can they overcome them?…...
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…...
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…...