women-in-re_insurance
Lara Pedley, ISC Group; Melissa Collett, CII, Abina Kealy, Partner Re; Lisa Bartlett, Crawford & Company; Shruti Deshmukh, RMS; Marisa Savage, PwC Bermuda
26 July 2022 Reinsurance

No ‘silver bullet’ for slow gender equality progress in insurance

While representation is improving, progress towards gender equality remains frustratingly slow. Last year, Swiss Re Institute research found that women represented about a fifth of re/insurance company executives in 2019 and only 10 percent of CEOs.

Why is progress taking so long? Intelligent Insurer invited a panel of experts to answer this question, and discuss how companies can do their part.

Shruti Deshmukh, product manager, models at RMS, believes the fact that progress towards gender equality remains slow is “astounding” when you look at the numbers.

“At the entry level, women do pretty well in the insurance sector as compared to other sectors. We have the right women joining the workforce at the right time but the numbers slow down as you look at senior leadership.

“That’s appalling because it’s not as though there aren’t any women—there are women, you just don’t have the right career pathways for them,” she added.

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