Risk Management, Insurance and Entrepreneurship: Minority Owned Businesses

In this webinar, minority-owned business owners will have an honest conversation about their personal journeys into entrepreneurship, challenges faced, identity, access, leadership, and how they have set themselves apart as minority business owners in risk management and insurance.

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Small businesses and entrepreneurs have been longtime generational wealth builders. According to the Federal Reserve Bank of Cleveland, “In 2016, the average wealth of households with a head identifying as black was $140,000, while for white-headed households was $901,000, nearly 6.5 times greater.” Minority-owned businesses have the capacity to reduce this gap and its negative effects on their communities and supporting minority-owned businesses have proved to have a positive impact on communities of color. Minority business owners do face challenges. Roughly 18.7% of U.S. businesses are minority-owned and access to capital still is one of the biggest challenges today. The challenge is even greater for Black women-owned small businesses. In this webinar, minority-owned business owners will have an honest conversation about their personal journeys into entrepreneurship, challenges faced, identity, access, leadership, and how they have set themselves apart as minority business owners in risk management and insurance.

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Diversity at The Institutes

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Diversity at The Institutes

The Institutes are committed to cultivating and preserving a culture of inclusion for all who work in and are served by the risk management and insurance community. As a knowledge partner, we build and foster learning opportunities that are accessible to everyone to encourage learning, development, and advancement. We believe each person is valuable; and therefore, a diverse, equitable, and inclusive workplace is essential to our ability to live our values: do the right thing, put our customer first, do what we say, work together, and be innovative. We encourage all to be their authentic selves at work and beyond.

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