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

From QueerBio.com
Jump to: navigation, search
 
(7 intermediate revisions by the same user not shown)
Line 21: Line 21:
 
'''Canada'''
 
'''Canada'''
  
 +
* [[James Bond]], Wawanesa Insurance, Western Life Assurance Company
 
* [[Pascal Dessureault]], Intact Insurance
 
* [[Pascal Dessureault]], Intact Insurance
 
* [[Anne-Marie Vanier]], RBC Insurance/Aviva
 
* [[Anne-Marie Vanier]], RBC Insurance/Aviva
Line 27: Line 28:
  
 
* [[Philipp Raether]], Allianz SE
 
* [[Philipp Raether]], Allianz SE
 +
* [[Matthias Weber]], HDI Group
  
 
'''Great Britain'''
 
'''Great Britain'''
Line 43: Line 45:
 
'''Ireland'''
 
'''Ireland'''
  
* [[John McNamara]], Canada Life International
+
* [[John McNamara]], AIB Life, Canada Life International
  
 
'''The Netherlands'''
 
'''The Netherlands'''
Line 64: Line 66:
 
* [[Lisa Middleton]], State Compensation Insurance Fund of California
 
* [[Lisa Middleton]], State Compensation Insurance Fund of California
 
* [[Opal Perry]], Allstate Insurance
 
* [[Opal Perry]], Allstate Insurance
 +
* [[Joseph Schneier]], Trusty.care
 
* [[Margaret Stumpp]], Prudential Insurance
 
* [[Margaret Stumpp]], Prudential Insurance
 
* [[Helen Whitener]], Washington State Board of Industrial Insurance Appeals
 
* [[Helen Whitener]], Washington State Board of Industrial Insurance Appeals
 
* [[Bobby Wilkinson]], USAA Insurance
 
* [[Bobby Wilkinson]], USAA Insurance
 
* [[Paul Wood]], Aviva
 
* [[Paul Wood]], Aviva
 +
* [[Sigal Zarmi]], Global Atlantic
  
 
==See Also==
 
==See Also==
Line 85: Line 89:
 
* [[Transgender Business Leaders]]
 
* [[Transgender Business Leaders]]
 
* [[Chief Operating Officers of Business Enterprises Who Are LGBTQ]]
 
* [[Chief Operating Officers of Business Enterprises Who Are LGBTQ]]
 +
* [[Auto and Transportation Experts Who Identify as LGBTQ]]
  
 
==Further Reading/Research==
 
==Further Reading/Research==

Latest revision as of 01:36, 3 March 2024

Lgbtceo.jpg

The insurance industry, as part of the overall financial industry, is very important to the LGBTQ community and its member's lives. However, a majority of LGBTQ individuals don’t feel financial companies or services actually want to help them.

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, is married to a same-sex partner, or is transgender has more difficulty in obtaining insurance at competitive rates. As a result, there is a massive distrust of the insurance industry by the LGBTQ community, and many individuals feel dis-enfranchised.

Some suggestions for improvement include: a call-centre language protocol that does not make assumptions about a partner's gender; the depiction of LGBTQ individuals in marketing and advertising; representation of the LGBTQ community in management of the industry; pricing of product that is equivalent to heterosexual individuals; designing of product specifically suited to the needs of the LGBTQ community; and an active program designed to reduce discrimination across the board in the industry. 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.

There is an LGBTQ presence across the board in insurance markets: life, health, property & casualty, marine, and more.

We have identified the following individuals who are notable in the insurance industry and identify as LGBTQ. Simply click on their names to access their biographies.


Australia

Canada

Germany

Great Britain

Ireland

The Netherlands

United States

See Also

Further Reading/Research


Share on Facebook