Symetra and IRI Partner to Advance Allyship in Finance
Symetra Teams Up with IRI to Enhance Financial Allyship
Symetra Life Insurance Company has launched an exciting new initiative with the Insured Retirement Institute (IRI) aimed at fostering a deeper understanding of allyship in the financial services sector. With a vision rooted in promoting diversity and inclusion, this research agreement was highlighted during the recent annual meeting of the Symetra Women’s Action Group, a group dedicated to empowering women in financial careers.
Understanding the Need for Allyship
The collaboration is significant as it seeks to elevate allyship within a field often seen as male-dominated. Andrew Farrell, Senior Vice President of Retirement Sales and Distribution at Symetra, and Frank O’Connor, Vice President of Research at IRI, shared enthusiasm for this research-focused agreement. It centers on capturing best practices that can benefit the entire industry.
The Role of Symetra Women’s Action Group
The Symetra Women’s Action Group (SWAG), established in 2023, lays the groundwork for this initiative by convening women leaders from various sectors of financial services. At the SWAG annual meeting, more than 60 participants engaged in dynamic discussions and sessions that highlighted leadership and the formation of robust allyships.
Empowering Women in Finance
Megan Meyers, Vice President of the Independent Broker-Dealer Channel at Symetra, emphasized the importance of creating platforms that empower women. By focusing on the need for allyship among men in the industry, Symetra is positioning itself as a leader in nurturing a more inclusive work environment.
Research and Insights from IRI
The IRI, known for being a pivotal association in insured retirement strategies, will spearhead the research initiative. Their Chief Membership & Marketing Officer, Shani Armon, remarked on the fruitful partnership, noting how working with Symetra aligns with their existing diversity, equity, and inclusion strategies.
Collaboration for a Greater Cause
Through interviews and dialogues with prominent industry figures, the insights generated will form the backbone of a best practices guide. This guide aims to serve as a resource for organizations focused on enhancing their talent diversity and fostering allyship within their teams.
A Broader Impact Within the Industry
The research findings, set to be unveiled in early 2025, promise to bring substantial change to the financial landscape by introducing actionable strategies. As O'Connor noted, understanding and addressing the dynamics of allyship is crucial for organizations aspiring to boost inclusivity throughout the industry.
Commitment to Diverse Leadership
The importance of that commitment cannot be understated. As finance continues to evolve, initiatives like this one from Symetra and IRI serve as beacons of hope for future generations of women leaders. By working closely with organizations focused on diversity and inclusion, both companies strive to transform challenges into opportunities for all individuals in finance.
About Symetra Life Insurance Company
Symetra is a well-established financial services provider that has been in operation since 1957. As a subsidiary of Symetra Financial Corporation, it offers a wide range of products, including employee benefits, annuities, and life insurance. They serve a national network of financial professionals and institutions.
About the Insured Retirement Institute
IRI stands out as a leader within the insured retirement strategies field. Representing a diverse group that includes life insurers and financial professionals, the organization is committed to promoting retirement security for all. Their advocacy efforts, alongside their focus on diversity and inclusion, reflect a deeply rooted mission to enhance retirement solutions for every American.
Frequently Asked Questions
What is the main goal of the partnership between Symetra and IRI?
The partnership aims to advance allyship and diversity within the financial services industry by conducting research on best practices for fostering an inclusive workplace.
What is the Symetra Women’s Action Group?
The Symetra Women’s Action Group (SWAG) is a coalition that promotes collaboration and allyship among women leaders in the financial services industry.
When will the findings from the research be shared?
The research findings are expected to be published in early 2025 in an executive report and webinar.
How does this initiative benefit women in finance?
The initiative empowers women in finance by creating a supportive environment that encourages allyship and promotes best practices among all professionals in the industry.
Why is allyship important in financial services?
Allyship is crucial in financial services as it helps create a more inclusive workforce, ultimately leading to diverse perspectives and better business outcomes.
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