At the entry level, 66% of the industry's positions are held by women. (Credit: Nuthawut/AdobeStock)According to new data from Triple-I, women continue to hold most of the jobs in the insurance industry.
In 2024, women made up 59% of the industry's workforce, and the number of female insurance underwriters increased by 5% last year, up from 56.9% to 61.9%.
Recommended For You
Women have long represented a large portion of the insurance workforce. Since 2012, women have made up nearly 60% of the industry’s three million workers each year. Insurance leads other financial industries — like banking and asset management — in gender diversity, according to a 2021 report from McKinsey.
However, many of the women-held positions in insurance are at the entry level. Within the entry-level workforce — positions primarily in call centers — 66% of the positions are held by women. Black women make up more than 7% of the entry-level workforce, according to the McKinsey report, the highest percentage in any financial services industry.
There are significantly fewer women in insurance in the higher ranks. Only about 22% of C-level executives are women, and just two Fortune 500 insurance companies are woman-led: TIAA and Progressive.
Female leaders are predominantly white as well. Only one in 20 senior vice presidents and one in 35 direct reports to CEOs are women of color.
Yet, a study from the Journal of Risk and Insurance showed female CEOs in the property-casualty business are associated with lower insurer insolvency propensity, higher z-score and lower standard deviation of return on assets.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.
Corey Dahl
Corey Dahl is assistant editor with PropertyCasualty360.com. Reach her at cdahl@alm.com.
