Lack of Representation of African American in leadership position in Insurance Industry: An examination of contributing factors

by

ACKNOWLEDGEMENT

I, (Name) wish to announce that all contents of this work / memory stand in my own work without any support, and this thesis / dissertation has been no research on the academic and professional in the past. It also represents my own views and not closely related to the university.

Signature: _______________________________

Date: __________________________

DECLARATION

I, [name of the author], hereby declare the best of my knowledge, the entire contents of this thesis represent my real job, and that such a thesis was submitted prior to any academic research or other qualifications. In addition, he represents his own personal opinions and do not have anything to do with them at university.

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Abstract

The aim of the research is to understand the reason behind the lack of Representation of African American in leadership position in Insurance Industry by examining the contributing factors. The research is conducted on a Doctorate level requiring utmost care in the evaluation of literature and other researches to develop a better understanding of the topic under study. It is shocking to see that even thought African Americans are expected to spent approximately $1 million in the Insurance industry in the US, but occupy only 2% of the top position in the industry. Minority population groups, especially African-Americans and Hispanics, are becoming increasingly important to the insurance industry both in terms of product marketing and employment. Articles have appeared in the trade literature describing the new approaches being used to address these expanding markets. The research will try to understand and identify the factors which are responsible for this disparity.

TABLE OF CONTENTS

ACKNOWLEDGEMENTII

DECLARATIONIII

ABSTRACTIV

SECTION 01: FOUNDATION OF THE STUDY1

Background of the Problem1

Employment in Insurance2

Art4

Discrimination in Schools5

The Notion of Genetic Inferiority and Effects of Racism6

Discrimination in Medicine7

Disparity9

Racism10

The Impact of Gender12

Problem Statement16

Purpose Statement16

Nature of the Study17

Research Design18

Descriptive Research19

Exploratory Research19

Research Statement19

Assumptions, Limitations, and Delimitations19

Assumptions20

Limitations20

Delimitations20

SIGNIFICANCE OF THE STUDY21

Reduction of Gaps21

LITERATURE REVIEW21

The Impact of Socioeconomics21

The Impact of Stress24

Stress and its effects24

African-American Employment27

African-American Employment by Occupation27

Analysis28

Effects of Language29

Marketing Considerations30

Labor population33

Leadership Factors34

Non-transactional leadership35

Changing Demographics and Values38

Changing Distribution Strategies-Pluralism40

Increasing Importance of Quality Service44

Underwriting Challenges45

Financial Strength and Profitability Concerns46

Developing Leadership Qualities That Will Win48

Religion and Social Integration49

Behavioral differences51

Relationship between racism54

Downsizing55

Community Involvement58

TRANSITION AND SUMMARY62

REFERENCES64

BIBLIOGRAPHY70

SECTION 01: FOUNDATION OF THE STUDY

The aim of the research is to understand the reason behind the lack of Representation of African American in leadership position in Insurance Industry by examining the contributing factors. The research is conducted on a Doctorate level requiring utmost care in the evaluation of literature and other researches to develop a better understanding of the topic under study. A decent number of literatures were reviewed so that the topic could be better understood, and relevant factors could be identified. These identified factors were used in eliciting the desired information thought questionnaires.

Background of the Problem

It is shocking to see that even thought African Americans are expected to spent approximately $1 million in the Insurance industry in the US, but occupy only 2% of the top position in ...