"I graduated last year with a computer tech degree. That's been a significant assistance to us in finding and hiring great students who then move into employees," said Lynch. With our college partnerships, we're now casting a wider net and including more diverse schools and partnerships. We had to relook at our recruiting strategy and where we were looking for talent, and so we have changed that over the last few years. "Diversity and inclusion is one of our top values as an organization. Arbella's internship program focuses on teaching students both technical and soft skills, with classroom training, on-the-job project experience, a mentorship program and networking opportunities. BFIT's population includes students who are 30% Black or African American and 20% Hispanic or Latino. Internships are a great way to really introduce them to insurance and really show all the great opportunities and stability of the industry." Arbella offers a variety of internship programs in partnership with Benjamin Franklin Institute of Technology (BFIT), as part of the carrier's commitment to hiring an inclusive workforce. "The insurance industry is not always the first industry that a young professional or student might think about. The insurance industry is due for a change in that image," said Carla Lynch, talent acquisition manager at Arbella Insurance. Today, that is still the case with a lot of organizations, but there also has been a strong evolution. was founded over 200 years ago and predominantly led by white males. One approach involves forging partnerships and establishing collaborative ventures with colleges, universities and educational programs, to cultivate a more inclusive talent pipeline. To address this disparity and foster a more diverse and inclusive workforce, carriers are actively exploring avenues to tap into fresh talent. Additionally, women of color occupy only 3% of C-suite roles, whereas men of color account for 12% in the same category. Women of color currently hold a mere 2% of board seats in insurance, in contrast to men of color who occupy 14% of such positions. The representation of women of color is even lower, according to McKinsey findings. The study reveals that men of color occupy only 8 to 14% of positions across all levels within insurance companies. Research conducted by McKinsey sheds light on the underrepresentation of people of color within the insurance industry. Addressing diversity disparities in insurance with Gen Zīy Grace Crane August 09, 2023, 6:40 a.m.
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