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California Department of
Insurance
Insurance Protection for all Californians
Insurance Diversity Initiative
Office of Insurance Commissioner Dave Jones
FACTS ATAGLANCE:
• California is home to a $310 Billion
insurance
industry
• California is the LARGEST insurance
market in the United States
• California is the 4th LARGEST insurance
market in
the world
INSURANCE DIVERSITY INITIATIVE
MISSION & KEY COMPONENTS
Insurance
Diversity
Surveys
• Transparency
initiative among
the state and
nation’s
insurance
industry
Insurance
Diversity Task
Force
• 15
Appointed
Members
• Advise and
• support
IDI
Annual
Diversity
Summit
• Educational
resource &
networking for
diverse
suppliers and
insurers
• 2018
Governing
Board Diversity
Summit
Mission-Critical
Special Projects
• Diversity
Digest
Newsletter
• State &
National
Conferences
• Legislative
Activities
MISSION Ensure economic opportunities and equal access through transparency efforts
Goal (2) – Increase Diversity on
Insurer Governing Boards
• Encourage commitment from the
highest level of governance
Goal (1) – Increase Insurer Procurement
from Diverse Suppliers
• Open doors of economic opportunity for
diverse business enterprises
SUPPLIER DIVERSITY 2018
CA DIVERSE SPEND YEAR-OVER-YEAR
In billions
MULTISTATE INSURANCE DIVERSITY SURVEY (MIDS)
PARNTERING STATES
Partner States
CA, D.C., MN, NY, OR, WA
q 2016
q 2016, 2018
q 2016, 2017, 2018
GOVERNING BOARD
DIVERSITY
REPRESENTATION BY GENDER
GOVERNING BOARD
DIVERSITY
REPRESENTATION BY ETHNICITY
Caucasian
78%
American Indian
0.08%
Asian Pacific
Islander
3%
African American
5%
Hispanic-Latino
3%
Multi-Ethnic
0.38%
Ethnic Representation on Boards
Other
11%

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SPLC 2019 Summit: The Importance of Supplier Diversity to Sustainability and Visa Versa

  • 1. California Department of Insurance Insurance Protection for all Californians Insurance Diversity Initiative Office of Insurance Commissioner Dave Jones
  • 2. FACTS ATAGLANCE: • California is home to a $310 Billion insurance industry • California is the LARGEST insurance market in the United States • California is the 4th LARGEST insurance market in the world
  • 3. INSURANCE DIVERSITY INITIATIVE MISSION & KEY COMPONENTS Insurance Diversity Surveys • Transparency initiative among the state and nation’s insurance industry Insurance Diversity Task Force • 15 Appointed Members • Advise and • support IDI Annual Diversity Summit • Educational resource & networking for diverse suppliers and insurers • 2018 Governing Board Diversity Summit Mission-Critical Special Projects • Diversity Digest Newsletter • State & National Conferences • Legislative Activities MISSION Ensure economic opportunities and equal access through transparency efforts Goal (2) – Increase Diversity on Insurer Governing Boards • Encourage commitment from the highest level of governance Goal (1) – Increase Insurer Procurement from Diverse Suppliers • Open doors of economic opportunity for diverse business enterprises
  • 4. SUPPLIER DIVERSITY 2018 CA DIVERSE SPEND YEAR-OVER-YEAR In billions
  • 5. MULTISTATE INSURANCE DIVERSITY SURVEY (MIDS) PARNTERING STATES Partner States CA, D.C., MN, NY, OR, WA q 2016 q 2016, 2018 q 2016, 2017, 2018
  • 7. GOVERNING BOARD DIVERSITY REPRESENTATION BY ETHNICITY Caucasian 78% American Indian 0.08% Asian Pacific Islander 3% African American 5% Hispanic-Latino 3% Multi-Ethnic 0.38% Ethnic Representation on Boards Other 11%