Difference between revisions of "The LGBTQ Presence in the Insurance Industry"

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The insurance industry is very important to the LGBTQ industry. 
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Data suggests that the LGBTQ community lags behind the general public in terms of buying insurance products.  In a recent survey, only forty two per cent of LGBTQ respondents indicated they had life insurance, which materially trails the general public at fifty four per cent.  For many, it is the challenge of being able to afford insurance coverage.  For others, it is based on discriminatory pricing - for example, an individual who is HIV positive or is transgender have significant difficulty in obtaining insurance. 
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The life insurance industry needs to do more to rectify this situation and make insurance product more readily available to the community.  To accomplish this, it is important to have LGBTQ individuals within the industry leadership. 
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A star LGBTQ individual in this business sector is the UK's [[Inga Beale]].  She is the first woman and first LGBTQ individual to be President of the Lloyds of London insurance syndicate in its 328 year history.  As well, she is an active participant in the industry's leading LGBTQ interest group LINK. 
  
  
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* file:///C:/Users/mbhm1/Downloads/Role-Models-Link-2018-04.pdf
 
* file:///C:/Users/mbhm1/Downloads/Role-Models-Link-2018-04.pdf
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* https://www.lgbtinsurancenetwork.co.uk/
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* http://lewisellis.com/industry-insights/article/40134516-can-life-insurers-do-more-to-reach-the-lgbt-community
  
 
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Revision as of 15:22, 8 September 2020

Lgbtceo.jpg

The insurance industry is very important to the LGBTQ industry.

Data suggests that the LGBTQ community lags behind the general public in terms of buying insurance products. In a recent survey, only forty two per cent of LGBTQ respondents indicated they had life insurance, which materially trails the general public at fifty four per cent. For many, it is the challenge of being able to afford insurance coverage. For others, it is based on discriminatory pricing - for example, an individual who is HIV positive or is transgender have significant difficulty in obtaining insurance.

The life insurance industry needs to do more to rectify this situation and make insurance product more readily available to the community. To accomplish this, it is important to have LGBTQ individuals within the industry leadership.

A star LGBTQ individual in this business sector is the UK's Inga Beale. She is the first woman and first LGBTQ individual to be President of the Lloyds of London insurance syndicate in its 328 year history. As well, she is an active participant in the industry's leading LGBTQ interest group LINK.


Australia

Canada

Germany

Great Britain

The Netherlands

United States

See Also

Further Reading/Research


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