James J. Donelon Robert H. Muriel Illinois Stephen W ... Call.pdfRobert H. Muriel Illinois James A. Dodrill West Virginia Stephen W. Robertson Indiana Jeff Rude Wyoming NAIC Support

© 2020 National Association of Insurance Commissioners 1

Date: 11/16/20

SPECIAL (EX) COMMITTEE ON RACE AND INSURANCE WORKSTREAM ONE

Wednesday, November 18, 2020 1:00 – 3:00 p.m. ET / 12:00 – 2:00 p.m. CT / 11:00 a.m. – 1:00 p.m. MT / 10:00 a.m. – 12:00 p.m. PT

ROLL CALL

Eric A. Cioppa, Co-Chair Maine James J. Donelon Louisiana My Chi To, Co-Chair New York Chlora Lindley-Myers Missouri Jim L. Ridling Alabama Mike Causey North Carolina Ricardo Lara California Elizabeth Kelleher Dwyer Rhode Island Andrew N. Mais Connecticut Larry D. Deiter South Dakota Dean L. Cameron Idaho Tanji J. Northrup Utah Robert H. Muriel Illinois James A. Dodrill West Virginia Stephen W. Robertson Indiana Jeff Rude Wyoming NAIC Support Staff: Chara B. Bradstreet/Michael McDonald

AGENDA

1. Welcome and Overview of Workstream Attachment One

—Executive Deputy Superintendent My Chi To (NY) and Superintendent Eric A. Cioppa (ME) 2. Receive Comments from Interested Parties

a. Esther Aguilera (Latino Corporate Directors Association—LCDA) b. Linda Akutagawa (Alliance for Board Diversity—ABD) c. Karen Batchelor (Amerisure Mutual Insurance Company, Inc.) d. Matt Fust (Out Leadership’s Quorum Initiative) e. Angela Gleason (American Property Casualty Insurance Association—APCIA) f. Charles Gray (Egon Zehnder) g. Susan Neely (American Council of Life Insurers—ACLI) Attachment Two h. Marguerite Tortorello (Insurance Careers Movement)

3. Discuss Next Steps—Executive Deputy Superintendent My Chi To (NY) and Superintendent Eric A. Cioppa (ME)

4. Discuss Any Other Matters Brought Before the Workstream —Executive Deputy Superintendent My Chi To (NY) and Superintendent Eric A. Cioppa (ME)

5. Adjournment

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Attachment One Special (EX) Committee on Race and Insurance

Workstream One 11/18/20

1

Original Special (EX) Committee on Race and Insurance Workstream Charges:

Updated Charge for Workstream One: Research/analyze level of diversity and inclusion within and access to the insurance industry and insurance products. Make recommendations on action steps.

Diversity, Equity & Inclusion

Life insurers’ core business is to help protect Americans’ financial and retirement security. Through its Economic Empowerment and Racial Equity Initiative, the American Council of Life Insurers (ACLI) is working to expand financial protection to underserved communities. Our products offer security and can help to build inter-generational wealth and close gaps fueled by systemic inequality. We’re also taking action to address stark disparities of income and wealth. Promoting a diverse and inclusive workforce and expanding our reach into underrepresented communities that lack financial protection is essential to this mission.

Companies have implemented programs and devoted significant resources to increase opportunities and create an inclusive workplace environment for women, people of color, LGBTQ individuals, people with disabilities, veterans and other traditionally underrepresented groups. As a further sign of the industry’s commitment to bring meaningful change in the business community, 100% of ACLI’s Board of Directors have signed the Pledge for CEO Action on Diversity and Inclusion.

Have policy affirming their commitment to diversity and inclusion.

Actively recruit employees from historically underrepresented communities.

Regularly assess their progress in achieving diversity and inclusion.

Have company-supported resource groups for employees from traditionally underrepresented communities. All allow employees to participate in these groups as part of their regular job responsibilities.

ACCORDING TO A 2019 ACLI MEMBER SURVEY:

Have a chief diversity officer or an employee whose primary responsibility is diversity and inclusion.

Note: Percentages based upon industry assets.

94%

92%

98%

95%

97%

CEO ACTION FOR DIVERSITY & INCLUSION PLEDGEACLI’s Board of Directors is among the first association boards to have all its members sign the Pledge for CEO Action, the largest CEO-driven business commitment to advance diversity and inclusion within the workplace. CEOs signing the Pledge commit to:

1. Continue making their workplacestrusting places to have complex, andsometimes difficult, conversationsabout diversity and inclusion.

2. Implementing and expandingunconscious bias education.

3. Sharing best—and unsuccessful—practices.

4. Creating and sharing strategicinclusion and diversity plans withtheir board of directors.

Companies signing the pledge also commit to creating accountability systems to track their progress and to share regular updates with each other in order to catalog effective programs and measurement practices.

Following the lead of its board, ACLI is encouraging all of its member companies to sign the Pledge.

Attachment Two Special (EX) Committee on Race and Insurance

Workstream One 11/18/20

Public Call Agenda and MaterialsAGENDA

Attachment One (002)ACLI_DIReport_11.17.20_OnePage (002)