by Metabiota
With International Women’s Day fast-approaching on March 8, it’s more important than ever before for global companies to evaluate how well they’re diversifying their team and how to ensure the success of their female managers and executives, particularly those in the insurance industry.
The share of women sitting on the boards of Fortune 500 companies is roughly 22 percent; however, a study by Catalyst shows that globally, the percentage of women participating in the labor force is declining. And in 2017, women only accounted for 22 percent of executive committee roles in North America. Moreover, only 12 percent of women in the insurance industry are in top management positions, according to a report from Credit Suisse.
According to CEO Bill Rossi, gender-diverse companies are 15 percent more likely to financially outperform in their industry, according to a report from McKinsey & Company, and nowhere is that more true than in the tech industry, where partner collaboration and a diverse perspective is critical. Having women in sales, technology, and general management creates an important mosaic of diversity whether we are vying for projects with our channel colleagues or building new technology solutions across internal and external teams. We still have more work to do, but we’re proud of the progress we’ve made.
In an effort to help more companies realize the power and promise of diversity, Metabiota’s top female leaders are sharing their top tips to help others follow suit: