Posted on September 24, 2020

WASHINGTON, D.C. – The Insured Retirement Institute (IRI) joined CEO Action for Diversity & Inclusion, the largest CEO-driven business commitment to advance diversity and inclusion within the workplace.

“As an industry and as an association, we are committed to an empowered, diverse workforce and to serving and treating all people equally and equitably with dignity and respect,” said IRI President and CEO Wayne Chopus. “We are honored to be a part of CEO Action’s efforts to advance this crucial mission in workplaces across the nation.”

With more than 1,000 companies representing 85 industries, the CEO Action for Diversity & Inclusion agrees to take action to advance diversity and inclusion in the workplace. This commitment is driven by a realization that addressing diversity and inclusion is not a competitive issue, but a societal issue, that CEOs must play a critical role in addressing. Each signatory of the CEO Action for Diversity & Inclusion is committing to actions to help catalyze further conversation and action around inclusion within the workplace.

IRI recently announced it is leading an industry initiative to embed and advance diversity, equity, and inclusion practices across its membership and beyond. This week, IRI’s Supply Chain Summit featured a session with four DEI leaders from IRI member companies who discussed successful initiatives and policies to drive adoption of DEI strategies at their organizations.

“IRI is uniquely positioned to help spur needed changes given our membership represents the complete supply chain of the insured retirement industry,” Chopus said.

Last week, Chopus shared details of IRI’s DEI mission with the National Association of Insurance Commissioners’ Special Executive Committee on Race and Insurance, which convened to gather information on the current level of diversity and inclusion within the insurance industry and the insurance regulatory community, and other issues.

IRI has undertaken several actions to date including establishing a board of directors working group; establishing a steering committee comprised of more than 20 DEI experts from IRI member companies; and identifying the initial work that will be addressed. Next steps will be to establish criteria to measure progress and drive adoption of identified best practices.

“IRI’s Board of Directors and member company DEI experts are providing outstanding leadership and passion to our DEI mission,” Chopus said. "This is real commitment from our industry. I have every confidence in the determination and drive among our members and IRI to turn our words into action on this critically important movement to drive real change.”

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Contact: Dan Zielinski