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.
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.
The winner will be honoured at The Geneva Association’s special 50th-anniversary conference in Zurich in November 2023.
- The deadline for submissions is 30 June 2023.
- 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 October 2023.
- The winner will be publicly announced at the award ceremony in November 2023 and in a subsequent press release.
- The Geneva Association and ISC Group are pleased to co-organise a virtual fireside chat with the winner in December 2023.
How do I nominate someone?
Fill in the 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 firstname.lastname@example.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.