Diversity study examines low numbers of African-Americans in insurance

Fewer than 10% of insurance industry professionals are African-American, according to a study released by Marsh LLC on Friday that aimed to understand why, finding that more mentoring opportunities could be the answer.

Lack of industry exposure, networks and experience topped the list of why so few African-Americans are in the industry, according to the survey of 312 African-American insurance professionals. The study was conducted in 2017 in part with the National African American Insurance Association.

The results were a mixed bag: 70% of survey respondents said they either strongly or somewhat agreed that the obstacles for African-Americans were greater for them than for other minority groups. Yet a large…

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