27 Best Insurance Companies for LGBTQ+ Employees

Insurance companies, like businesses in all industries, are grappling with a talent shortage. In one Digital Insurance survey, “competition for talent” was ranked as high as “climate risk” on a list of threats to insurance business growth this year.

But attracting the best workers for insurers’ digital transformation needs means more than the best food in the break room. This is why in the context of Insurance Career Monththe week of February 7 is themed around taking action to advance diversity, equity and inclusion in the insurance industry.

Last month, the Human Rights Campaign released its 20th Corporate Equality Index, which assesses companies’ policies, practices and benefits for LGBTQ+ employees. Many of the more than 1,000 listed companies are insurance companies.

HRC rate:

  • Workforce Protections for Sexual Orientation and Gender Identity
  • Medical and other benefits for spouses, domestic partners and transgender people
  • Internal education, LGBTQ+ resource groups, and outreach or engagement with LGBTQ+ communities

However, these standards are reviewed and raised each year. Next year, according to HRC:

  • Minimum requirements for transgender-inclusive health policies have been increased.
  • A new category has been created, focusing on family formation, which aims to ensure equitable access to family benefits for legal spouses and same-sex and different-sex domestic partners.
  • Easy access to benefit information is now required for transgender health care benefits, family formation and HIV/AIDS health benefit coverage.
  • At least one employee training integrating the notions of intersectionality will be required.
  • Employers will be required to implement at least one self-identification data collection practice, for example, confidential surveys, human resources systems or a mechanism for board members to self-identify.
  • Gender transition guidelines are needed as well as the implementation of at least one additional transgender inclusion best practice, such as gender-neutral washrooms and inclusive dress codes.

Here are the property and casualty and life insurance companies that received a rating of 100 in the HRC report.

Kristan F. Talley