There is a large difference between the representation of women in non-management and upper management jobs in the Insurance sector. While there are proportionally significantly more women than men in non-management jobs, all other levels of management have more men than women. Only one in five positions in top management is held by a woman, among the lowest of any industry.
Women are almost equally likely to enter lowest and lower management through recruitment and promotions. For middle and top management, promotions are more likely to bring women into these positions. There is still much to be done to develop and promote women and, even more so, attract and be open to female candidates who aspire to senior management positions.
The Glass Ceiling Index of 3.2 is the highest of all industries, meaning that women face the most significant hurdles to attain a middle and top management position — action is needed to recruit, develop, and promote female talents.
Women and men differ significantly in employment rates in the Insurance sector. More women work part-time, especially at non-managerial and lower management levels. This gap narrows at higher management levels but never disappears (compared to other industries, the gap is large even in top management). Compared to men, women are more likely to reduce their employment rate at some point in their lives (especially between the ages of 31 and 40), which makes a later career progression more difficult.