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  • Addressing the gender gap in insurance and financial services

    March 6, 2024 by John Forcucci

    While insurance and financial services have traditionally been male-dominated industries, some progress has been made in recent years to address the gender gap, according to several studies.

    Women now make up roughly 50% of the workforce in the insurance industry, but they represent only 18% of C-suite positions. In the financial services sector, the proportion of women in leadership roles is 24% and is projected to grow to 28% by 2030. 

    Click HERE to read the full story via INN

     

     

    Wink’s Moore on the Market: I have to thank John Forcucci at InsuranceNewsNet for this month’s issue of the magazine, which focuses on advising women through the seasons of their lives.

    John points-out “the reality for women”:

    1. Lack of professional development opportunities

    2. Gender bias

    3. Work-life balance

    4. Lack of gender diversity targets

    These are things that we are going to have to do better on. According to McKinsey & Company, women are expected to inherit much of the $68 trillion in wealth that baby boomers are passing down.

    I’ve seen a lot of home offices putting in hard work to change these norms. I need to see more work in distribution, and certainly we need more female advisors.

    Originally Posted at InsuranceNewsNet on March 1, 2024 by John Forcucci.

    Categories: Industry Articles
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