Fostering Financial Literacy and Insurance Know-How
Travelers has partnered with Junior Achievement (JA) for nearly two decades, providing financial support and employee volunteers for local programs. In 2019, in coordination with JA, Travelers launched insurance learning lab “storefronts” in Colorado, Minnesota and Georgia to teach students about insurance basics and how to make responsible economic decisions, helping develop their financial literacy and preparing them for success in the future. Housed in JA’s experiential learning centers, the storefronts reinforce concepts for students by providing hands-on business simulations. In 2021, Travelers partnered with Junior Achievement of Central Maryland to create our fourth Travelers storefront to serve more than 46,000 K-12 students each year.
Travelers provided nearly $300,000 in financial support to eight JA organizations across the country in 2021. Throughout the COVID-19 pandemic, Travelers employees have continued to provide business and career advice through virtual classroom settings and career panels in partnership with JA. In calendar year 2021, approximately 420 employees logged more than 1,100 hours of volunteer work with JA. In addition, Travelers sponsored Minnesota’s Junior Achievement North’s Inspire Virtual Career Expo, through which more than 20,000 students made over 36,000 visits to corporate “booths” to explore career opportunities in a variety of fields, including property casualty insurance.
Travelers received the U.S. President’s Silver Volunteer Service Award for the 2020-2021 school year. Created by the President’s Council on Service and Civic Participation, the award recognizes individuals and organizations that contribute a significant amount of time to volunteer service. Junior Achievement USA®, as an official certifying organization, designated Travelers for volunteering more than 3,000 hours across the country.
- The program provides age-appropriate learning on topics such as civic constructs, currency, economics and business, helping students prepare at an early age for career and financial decisions to come.
- Our partnerships with JA are focused on districts with limited resources, where students may otherwise not have access to these programs.
- The program introduces students to Travelers as potential future employees or customers.
- Employee volunteers have opportunities to build their own capabilities, such as teamwork and presentation skills, which helps develop Travelers’ talent base.
- Employee volunteers expressed satisfaction with the company making investments in youth, which deepens engagement and helps with retention.