Reinsurance Group of America, Incorporated

Wallace Wang

Wallace Wang, APAC & EMEA Diversity, Equity and Inclusion Director at RGA, is spearheading Diversity, Equity and Inclusion (DEI) excellence in the insurance industry by leading RGA’s impactful involvement in the Dive In Festival. Through visionary leadership, RGA has been positioned as a trailblazer, demonstrating how purposeful leadership and collaboration can elevate diversity, equity and inclusion across the sector.

What is the Dive In Festival?

The Dive In Festival is the insurance industry’s premier global movement dedicated to fostering inclusive workplace cultures where talent can thrive. Since its inception in 2015, it has grown into the world’s largest DEI event for insurance, uniting over 128,000 participants from more than 40 countries through thousands of sessions worldwide. The festival raises awareness of the business benefits of diversity and inclusion and promotes positive action to attract, retain and empower a wide spectrum of talent—covering dimensions such as gender, age, culture, mental health, disability and more.

Why Choose Dive In Festival? A Shared Platform for Industry-Wide DEI Excellence

Under Wallace’s advising of the DEI council, RGA took a leading role in the 2024 Dive In Festival. Eight RGA offices were united successfully across the APAC region, fostering a collaborative environment where local CEOs and senior leaders actively engaged in critical conversations on gender equity, mental health, ally-ship and generational diversity. This collective leadership approach not only amplified RGA’s DEI impact but also set a new standard for industry-wide inclusion efforts.

Empowering Leaders to Role Model Inclusion

The success recipe centers on empowering senior leaders to be authentic role models for inclusion. By encouraging RGA’s top executives—including Carmony Wong (Hong Kong CEO), Claire Wang (Taiwan CEO) and Deepak Panchal (Head of Claims)—to lead key discussions at the festival, a culture has been cultivated where leadership commitment drives meaningful and sustainable DEI progress.

“Local CEOs and senior leaders actively engaged in critical conversations on gender equity, mental health, ally-ship and generational diversity. This collective leadership approach not only amplified RGA’s DEI impact but also set a new standard for industry-wide inclusion efforts.”

Creating Sustainable Impact through Strategic Integration

To further DEI excellence, Wallace and the team go beyond events by embedding it into RGA’s core business strategy. The APAC DEI Council has built a scalable and sustainable framework that maintains momentum well beyond the Dive In Festival. The festival’s themes—“A Sustainable Future: The Next 10 Years” in 2024 and “Belonging Builds Tomorrow” in 2025—reflect the team’s long-term vision for embedding diversity and inclusion as a strategic priority that drives inclusive product design and delivers lasting impact for RGA’s clients and the broader insurance industry.

Key Takeaways for Driving DEI Excellence in Insurance

• Leadership Engagement: Visible, active involvement from senior leaders is critical to modeling and sustaining DEI.

• Cross-Office Collaboration: Uniting multiple offices fosters shared ownership and amplifies impact.

• Strategic Embedding: Integrating DEI into business strategy ensures longevity and organizational alignment.

• Vision for Sustainability: A long-term commitment is essential to overcome systemic barriers and achieve true inclusion.

Looking Ahead: Sustaining DEI Leadership and Innovation

Building on the success of the Dive In Festival, Wallace Wang and RGA’s DEI Council are committed to deepening their impact across the reinsurance industry. The focus will be on expanding collaboration, driving innovation in inclusive product development and continuously empowering leaders to role model DEI values. With a clear strategic roadmap, RGA aims to not only sustain but accelerate its leadership in creating an insurance ecosystem where diversity, equity and inclusion are embedded in every facet of business—shaping a future where all talent can thrive and clients benefit from truly inclusive solutions.