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At first glance, it doesn't seem as if there is a lack of women in the insurance industry. At agencies, at industry meetings, among underwriters and carrier personnel—the ratio of women to men seems more than equal.
But appearances are deceiving. Although there are plenty of women in insurance, very few are in the C-suite. According to the Bureau of Labor Statistics 2011 data, women make up 83 percent of “insurance claims and policy processing clerks.” At the largest insurers and reinsurers, women hold only 6 percent of top executive positions, 12.5 percent of board seats, and 8 percent of inside business, legal or actuarial officer roles, such as chief actuary or division president, according to a recent industry study by St. Joseph's University Academy of Risk Management and Insurance.
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