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Today, Tillman runs his own insurance agency in Ohio and is the founder of the National African American Insurance Association.

“There are not enough people of color in executive leadership in the insurance industry,” James said in an interview.

Three insurance industry leaders who spoke at the Future of Insurance USA conference said during a panel hosted by Reuters Events on Tuesday that they are working to fix what they described as diversity shortcomings in the industry.

Zurich held a town hall in June to allow Black employees to share stories about facing inequality.

Reddy said research has shown racial diversity improves a company’s ability to innovate, reduce risk and bring different perspectives to decisions.

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