Women in Insurance Award

The Geneva Association's Women in Insurance Award is the first international award to celebrate women executives in insurance whose work positively impacts society. Each year, we celebrate a woman insurance leader who is taking the industry forward with initiatives that contribute to making insurance a force for good.

The award celebrates women insurance leaders whose work elevates the powerful role insurance plays in people’s lives – from protecting against natural disasters to improving people’s health and financial well-being.

As the insurance industry continues to push for greater diversity, and for gender parity at the senior level, The Geneva Association’s award shines a light on the remarkable achievements of women executives, inspiring generations of leaders to come.

About the award

The Geneva Association's Women in Insurance Award is the first 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, and women now comprise 60% of the workforce in insurance. However, they occupy only 19% of board seats and 12% of top officer positions, such as CEO, CFO and COO. Women are not being promoted at the same rate as men.

In a panel session at The Geneva Association's General Assembly, our re/insurance member CEOs explored how the industry should address this. The takeaways included the need to hire women for business leadership and CEO positions, not just management positions, and to promote based on potential, not just years of experience.

However, in the present context, many younger women in insurance 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.

Priority areas

Climate and environment: for example, better integrating climate risk into underwriting methods or promoting climate-resilient investment approaches

Health: improving health outcomes for people through new services (diagnostic, treatment) or forms of insurance cover

Financial well-being: offering innovative solutions to solving the financial challenges of our changing world

Inclusive insurance: developing new pricing or distribution models that give low-income or remote populations access to insurance cover (e.g. microinsurance)

Diversity, equity and inclusion: promoting the representation and participation of people of different ages, races and ethnicities, abilities, genders, religions, cultures and sexual orientations

 

A nominee's achievement could relate to more than one of these areas. Other areas of work may also be considered.

  • Nominations for the 2024 award will open on International Women's Day, 8 March 2024.
  • Nominations may be submitted by a senior representative of the nominee’s present employer (insurance company), e.g. a supervisor, head of department or human resources manager.
  • The selection committee will interview award finalists in June-July 2024.
  • The winner will be announced in July 2024.

Ceremony

The winner will be honoured at The Geneva Association’s 2025 General Assembly in June 2025.

How do I nominate someone?

A link to the nomination form will be published on this web page on 8 March 2024.

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 wia@genevaassociation.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.

 

Is there a fee to submit a nomination?

No, we do not charge a fee to nominate someone. Furthermore, nominees and the winner do not incur any costs related to the award.

 

Further questions?

Email wia@genevaassociation.org

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