Insurance Business recognises top DE&I leaders in Australia and New Zealand

Insurance Business recognises top DE&I leaders in Australia and New Zealand | Insurance Business Australia

Insurance News

Recognition was based on employee feedback

Insurance News

By
Roxanne Libatique

Insurance Business has highlighted several leading insurance companies in Australia and New Zealand for their significant commitment to diversity, equity, and inclusion (DE&I).

These companies have successfully embedded DE&I principles into their corporate practices and cultures.

The recognition, known as the 5-Star DE&I award, was based on employee feedback. The awarded companies demonstrated a strong commitment to:

fostering inclusive and supportive workplaces;
building a workforce reflective of the communities they serve; and
aligning their initiatives with strategic DE&I objectives.

How did Insurance Business identify the most diverse insurance companies in Australia and New Zealand for 2024?

To identify the companies with the most impactful DE&I programs, Insurance Business conducted a comprehensive 15-week evaluation.

Initially, insurance firms in Australia and New Zealand were invited to share their DE&I initiatives from the previous year.

Interviews with DE&I professionals provided insights into the industry standards and helped determine which companies met or surpassed these benchmarks.

Following the nomination review, employees were surveyed to assess the effectiveness of their companies’ DE&I programs. Companies that received a score of 4 or higher out of 5 were awarded the 5-Star DE&I recognition.

The most diverse insurance companies in Australia for 2024

Some notable winners this year are Arch Insurance and AON.

Arch Insurance

Arch Insurance Australia (Arch) aims to reflect the communities and markets it serves through its workforce. This is evident in its efforts to attract, develop, engage, and retain top talent from diverse backgrounds.

Through various initiatives and policies, the company cultivates a workplace where employees can contribute their unique perspectives and experiences to its growth and innovation. These initiatives include:

independent job leveling and pay equity reviews for all roles;
focused recruitment to ensure diverse candidates; and
proactive succession planning to develop an increasingly diverse talent base.

AON

AON provides clients in over 120 countries with advice and solutions to protect and grow their businesses. It focuses on addressing unmet needs arising from today’s complex challenges, positioning itself as the partner of choice for businesses of all sizes and industries.

The company’s dedication to an inclusive culture ensures that everyone has opportunities for growth and development. This commitment to inclusion forms the foundation of the company’s ability to deliver distinctive value to its clients.