About our Women in Insurance Award
The Geneva Association's award is the first international award to celebrate women executives in insurance whose work positively impacts society.
The insurance industry has made great strides in recent years in attracting women employees. One 2018 study found that women comprise 60% of the workforce in insurance. However, this number falls – dramatically – at the leadership level, with only 12% of top officer positions, such as CEO, CFO and COO, occupied by women. Women are not being promoted at the same rate as men.
A 2018 report by McKinsey & Company attributes this to issues like unconscious bias and lack of management support. The result is that younger women do not see themselves reflected in senior roles. They do not perceive a way to get there themselves.
The Geneva Association's Women in Insurance Award is shining a light on executive-level women and their contributions to making insurance a force for good.
Health: improving health outcomes for people through new services (diagnostic, treatment) or forms of insurance cover
Inclusive insurance: developing new pricing or distribution models that give low-income or remote populations access to insurance cover (e.g. microinsurance)
Climate and environment: for example, better integrating climate risk into underwriting methods or promoting climate-resilient investment approaches
Innovation: using new technologies or data to make insurance cover more meaningful for people or businesses
A nominee's achievement could relate to more than one of these areas. Other areas of work may also be considered.
The winner will be honoured at the 2021 Geneva Association General Assembly, the annual gathering of our CEO members, planned to be held in spring 2021 in Kyoto, Japan.
Award selection committee
How do I nominate someone?
Kindly complete our online nomination form.
The application requires that you upload a letter of recommendation from the company. The letter should contain data to support the nomination: figures on how much revenue the nominee generated through her initiatives, how many direct reports she has, etc.
You may also include optional attachments: the nominee's CV, biography, job description and/or additional references.
If you have any questions, email firstname.lastname@example.org.
Who is eligible to be nominated?
Women in executive management positions in the insurance industry who have spearheaded an insurance initiative that has advanced societal resilience and prosperity.
Applicants do not have to be from the companies of the GA's CEO members. A woman from any insurance company in any country around the world may be nominated.
Brokers and agents are not eligible for nomination.
Who is eligible to submit a nomination?
Nominations must come from the nominee's company. Concretely, a senior representative of the company (senior vice president or above) or someone from the company's human resources department may submit the nomination.
May companies nominate more than one of their employees for the award?
Yes. There is no maximum number of nominees allowed per company. However, please note the company must provide an official letter of recommendation for each nominee.
Can I nominate myself?
No (see above), self-nominations will not be considered.