Page 24 - BEQ Magazine Iss 19
P. 24

and financial services industries. A possible solution,
                                                                          he suggests, is a consortium of insurance companies
                                                                          working together to find, vet and develop qualified
                                                                          vendors.
                                                                             “If we can find a core group, why can’t we all just
                                                                          go in and support them and then take the benefit
                                                                          as an industry?” he asked.  “We’re probably all
                                                                          struggling  with:  How  do  I  find  diverse  businesses
                                                                          for insurance services? How do I find independent
                                                                          adjusters or even law firms that can scale to support
                                                                          large corporations?”
                                                                             These service providers exist within the LGBTQ
                                                                          community, but without adequate outreach and
                                                                          visibility,  connecting  with  them  is  difficult.  White
                                                                          acknowledges that it would take capital and
             L-R: Carrie      MBEs,  WBEs,  and  other  diverse  suppliers.  This  is   potentially  be  difficult  to  get  into  some  of  these
             Crawford,        where Nationwide’s Supplier Diversity Program   service  areas  since  there  are  big  players  already
             Melanie          comes in.                                   established. However, with the right incentives,
             Redding, Jeff
             Montella,           “Our purpose is to foster the promotion, growth   these players could be encouraged to bring (and
             Elizabeth        and development of minority, women, LGBT and   build) diverse talent and vendors along with them
             Gilberti, Mary   veteran-owned  enterprises to  protect people,   to the table.
             Beth Miloszar,
             Thomas           businesses and futures with extraordinary care,” he
             Mininno          said.
             and Theresa         One catch from one wide RFP search was THE
             Perone from      PRIME NETWORK. Founded in 2003, this LGBT
             THE PRIME
             NETWORK          certified, independent medical evaluation company
                              headquartered in Media, Pennsylvania provides
                              services  to  insurance  companies,  law  firms,  self-
                              insured employers and third-party administrators.
                                 Nationwide was the first company to offer THE
                              PRIME NETWORK participation in an RFP as part
                              of a supplier diversity program. The company was
                              awarded a three-year contract, which has been
                              renewed  for  an  additional  three-year  term.  THE
                              PRIME  NETWORK  has  created  its own supplier
                              diversity program after working closely with White
                              and his team.
                                 “Our relationship with Nationwide has provided
                              us the  opportunity to build our business and
                              encouraged us to develop a comprehensive supplier
                              diversity outreach and marketing program,” said
                              Jeffrey Montella, founder/owner, THE PRIME
                              NETWORK.  “We are honored to be a part of
                              Nationwide’s Supplier Diversity Program.”
                                 Casting a wide net has paid off so far, but White
                              said  a  major  challenge  he  and  other  insurance
                              companies are facing now is finding diverse, certified
                              businesses to meet needs specific to the insurance


        24     SUMMER 2021                                                            BUSINESSEQUALITYMAGAZINE.COM
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