Women in the Insurance Industry - Publication by STEMconnector
Women in Insurance White Paper Released
WASHINGTON, D.C.—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.”
SVP & Underwriting Counsel, QBE North America
STEMconnector founder and chairman Edie Fraser commends the leadership exemplified by these sponsoring companies and urges others to “join STEMconnector in telling the story, saluting the progress, and pushing the envelope for women, especially women of color, into important roles in the insurance industry.”
The publication can be downloaded here or on the Resources page of this site.
About STEMconnector. Founded in 2011, STEMconnector is the organization for STEM education and jobs. STEMconnector brings together 165+ organizations as part of an established platform designed to leverage partnerships and collaboration to advance the STEM economy and the future of jobs. Our collective network represents the entire talent pipeline and impacts millions of jobs. STEMconnector is owned by Diversified Search, the largest women-owned executive search firm in the U.S. and with global search capabilities in 29 countries.