Study: 85% of Insurance Companies Have No Women in Top Positions

A 2012 study undertaken by Saint Joseph’s University Academy of Risk Management and Insurance shows that gender diversity is lacking across all leadership levels within the insurance industry.

“Executive leaders are aware of the status of gender diversity among insurance organizations, they are genuinely surprised and disappointed in the results, and are interested in providing a solution,” said Mike Angelina, Academy executive director and administrator of the study that analyzed SNL data of major insurance organizations, in a June 13 presentation of the results at the Insurance Industry Charitable Foundation (IICF) Global Women in Insurance Conference.

Women hold only 6 percent of top executive positions (CEO, CFO, COO, etc.), 12.5 percent of board seats, and 8 percent of inside business, legal or actuarial officer roles, such as chief actuary or division president, among the 100 publicly-traded or mutual insurers/reinsurers.