Roles and Opportunities of Women in the Insurance Industry Examined in Women in Insurance: Leading to Action White Paper

By a News Reporter-Staff News Editor at Insurance Weekly News -- STEMconnector announced the release of its Women in Insurance White Paper at the Million Women Mentors National Summit and Awards Ceremony on October 24 at the National Press Club. The paper provides an overview of existing trends in the industry while highlighting innovative approaches currently underway at a number of leading insurance organizations and sharing critical opportunities for recruiting and nurturing top female talent.

Women represent 60% of all insurance workers, but hold only 17% of board seats and 10% of top management positions. Additionally, the insurance industry demonstrates significant pay disparity, with women earning only 62 cents on the dollar compared to their male colleagues. After examining existing gaps in the representation of female leaders throughout the industry, the Women in Insurance White Paper also shares promising survey results in which respondents report their leadership teams increasingly acknowledging these issues and voicing a desire to improve work environments and opportunities for female employees.

ACORD, Erie Insurance, MEMIC, Prudential, QBE, VSP Vision Care, and TATA Consultancy Services co-sponsored the production of the paper.

"Our predecessors worked hard to get women a seat at the table. It is our duty to get the

next generation of women a seat at the head of that table."

Keywords for this news article include: STEMconnector.

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