Insurance for a better world

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deadline for nominations was: 1 April 2022

About our Women in Insurance 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 2021 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

Innovation: using new technologies or data to make insurance cover more meaningful for people or businesses

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.

Award ceremony

The winner will be honoured at the 2022 Geneva Association General Assembly, the annual gathering of our CEO members, to be held in spring 2022 in VeniceItaly.

Award selection committee

Nominations FAQ

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 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