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SPLC 2019 Summit: The Importance of Supplier Diversity to Sustainability and Visa Versa

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California Department of
Insurance
Insurance Protection for all Californians
Insurance Diversity Initiative
Office of Insu...

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FACTS ATAGLANCE:
• California is home to a $310 Billion
insurance
industry
• California is the LARGEST insurance
market in...

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INSURANCE DIVERSITY INITIATIVE
MISSION & KEY COMPONENTS
Insurance
Diversity
Surveys
• Transparency
initiative among
the st...

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SPLC 2019 Summit: The Importance of Supplier Diversity to Sustainability and Visa Versa

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Slides from Charleen Fain-Keslar, Standards and Quality Control Manager, California Department of General Services (DGS), presented at the Sustainable Purchasing Leadership Council’s 2019 Summit in Portland, OR.

Slides from Charleen Fain-Keslar, Standards and Quality Control Manager, California Department of General Services (DGS), presented at the Sustainable Purchasing Leadership Council’s 2019 Summit in Portland, OR.

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SPLC 2019 Summit: The Importance of Supplier Diversity to Sustainability and Visa Versa

  1. 1. California Department of Insurance Insurance Protection for all Californians Insurance Diversity Initiative Office of Insurance Commissioner Dave Jones
  2. 2. FACTS ATAGLANCE: • California is home to a $310 Billion insurance industry • California is the LARGEST insurance market in the United States • California is the 4th LARGEST insurance market in the world
  3. 3. INSURANCE DIVERSITY INITIATIVE MISSION & KEY COMPONENTS Insurance Diversity Surveys • Transparency initiative among the state and nation’s insurance industry Insurance Diversity Task Force • 15 Appointed Members • Advise and • support IDI Annual Diversity Summit • Educational resource & networking for diverse suppliers and insurers • 2018 Governing Board Diversity Summit Mission-Critical Special Projects • Diversity Digest Newsletter • State & National Conferences • Legislative Activities MISSION Ensure economic opportunities and equal access through transparency efforts Goal (2) – Increase Diversity on Insurer Governing Boards • Encourage commitment from the highest level of governance Goal (1) – Increase Insurer Procurement from Diverse Suppliers • Open doors of economic opportunity for diverse business enterprises
  4. 4. SUPPLIER DIVERSITY 2018 CA DIVERSE SPEND YEAR-OVER-YEAR In billions
  5. 5. MULTISTATE INSURANCE DIVERSITY SURVEY (MIDS) PARNTERING STATES Partner States CA, D.C., MN, NY, OR, WA q 2016 q 2016, 2018 q 2016, 2017, 2018
  6. 6. GOVERNING BOARD DIVERSITY REPRESENTATION BY GENDER
  7. 7. GOVERNING BOARD DIVERSITY REPRESENTATION BY ETHNICITY Caucasian 78% American Indian 0.08% Asian Pacific Islander 3% African American 5% Hispanic-Latino 3% Multi-Ethnic 0.38% Ethnic Representation on Boards Other 11%

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