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Maximising gender balance in Insurtech, A FinPro team discussion
Manage episode 437921430 series 2824326
Alex Bond द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Alex Bond या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal।
In this week’s unusual The Leadership in Insurance Podcast 🎧we have an all FinPro line-up - Rebekah Bostan, Director of Operations and Hattie Armstrong, Lead Consultant where we discuss the gender imbalance in the Insurtech community and what we can all do to rebalance.
💡We all know the stats (🤔see below in case you’ve been living under a rock) female founding team outperform, yet women are still underrepresented in leadership roles. The We Are Insurtech Women Community was borne out of a frustration to readdress the balance.
- Women only make up 18% of insurance C-Suite (according to McKinsey) but yet account for half of the insurance workforce….. and this is even lower for Insurtech.
- McKinsey has also shown a direct correlation between gender diversity and increased profitability💸— companies in the top quartile for gender diversity on their executive teams are 21% more likely to outperform.
- BCG found that companies founded or co-founded by women perform better financially, generating 10% more revenue over a five-year period than male-founded businesses.
- They also found that they generate 78 cents for every dollar of funding, compared to 31 cents generated by male-founded startups.
Creating more gender balance should be a business priority but also a societal focus – ⬇️minimise gender biases in funding allocation
⛔remove barriers to women’s entrepreneurial journeys caused by continued gendered parenting and caring responsibilities
🤝create inclusive networking opportunities for women to build networks that meet their needs and requirements… whilst avoiding ‘fixing women’ events
📣Listen all the way through to hear my easy wins for hiring and retaining diverse talent and creating a more balanced workforce.
Give this one a listen via the link in the comments below 👇 👇 👇
Curious about how to build and grow virtual and geographically diverse teams as a start-up? Curious about how to manage dispersed teams effectively? We are too. Join our next virtual event: Thursday 12th September 2024 (3pm BST) - https://us06web.zoom.us/webinar/register/WN_IKVM69wxSlS_7bhgC20UuA
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