The Geneva Association's Women in Insurance Award 2021 | The Geneva Association | TBA, Kyoto, Japan
Venue
TBA
TBA, Kyoto, Japan
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| Location |
TBA
Kyoto, Japan |
| Region | APAC |
Details
The Geneva Association's award is the first international award to celebrate women executives in insurance whose work positively impacts society.
The insurance industry has made great strides in recent years in attracting women employees. One 2018 study found that women comprise 60% of the workforce in insurance. However, this number falls – dramatically – at the leadership level, with only 12% of top officer positions, such as CEO, CFO and COO, occupied by women. Women are not being promoted at the same rate as men.
A 2018 report by McKinsey & Company attributes this to issues like unconscious bias and lack of management support. The result is that younger women do not see themselves reflected in senior roles. They do not perceive a way to get there themselves.
The Geneva Association's Women in Insurance Award is shining a light on executive-level women and their contributions to making insurance a force for good.