Multicultural Resources

Blacks and Insurance

Written by Lisa Chiljean | Feb 20, 2025 7:42:07 PM

The Black Insurance Consumer

Blacks are a significant growth market for the insurance industry.  More African Americans than ever are covered by insurance and the number of people insured are growing at a much faster pace than Whites.  In addition, their aspirations for big-ticket purchases such as homes and cars position them to modify or expand their future coverage.