Filed Under:Life Insurance, Life Planning Strategies

Culturally diverse boards see competitive advantage

Culturally diverse boards of directors provide a significant, competitive advantage for insurance companies.

That's the word from people in the know: three panelists, all of them board members at the multiline insurer Farmers Insurance Group, who presented on the closing day of the IICF Women in Insurance Global Conference. Held June 12-14 in New York City, the gathering assembled more than 400 women representing the world's largest insurers, plus educational leaders and subject matter experts.

How does one go about securing a board seat?

Deborah Aldredge, Famers Insurance' chief administrator officer and the session moderator, said one should get involved with entities — nonprofits, foundations, community organizations, among others--that can connect them with people who may be able to sponsor their candidacy for a board slot.

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Nichole Morford

Nichole Morford
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