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, which is capable of serving more than 46,000 K-12 students each year. The opening celebration of the new facility took place in October 2022.
Travelers provided more than $260,000 in financial support to nine JA organizations across the country in 2022. In addition, Travelers sponsored Chicago’s Junior Achievement Inspire Virtual Career Expo, through which more than 20,000 students made visits to corporate “booths” to explore career opportunities in a variety of fields, including property casualty insurance.
Travelers received the U.S. President’s Bronze Volunteer Service Award for the 2021-2022 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 1,000 hours across the country.
Community Benefits
- 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.
Travelers Benefits
- 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.