Women in InsureTech Magazine

Empowering the Future: Celebrating Women in InsureTech In the fast-evolving landscape of the insurance industry, Women in InsureTech Magazine emerges as a beacon of empowerment and innovation. Through this publication, we are celebrating the achievements and perspectives of women in the insurance technology sector, providing a platform for thought leaders, entrepreneurs, and professionals.

An Analysis of Challenges

Women Leaders Face in

Insurtech

Despite the encouraging progress being made

in terms of increasing female representation at

leadership levels within the Insurtech industry,

the world of insurance is still a male dominated.

Although women account for 45% of entry-level

roles in the insurance industry, only 18% of

C-suite positions are held by women.

Reason is multitude of challenges women face

while trying to make their mark on this sector.

One such challenge is accessing capital – an

area where male-led businesses often have a

clear advantage due to traditional investors’

tendency to back startups led by men. This

means that female entrepreneurs may struggle

to get funding for their projects, or they may be

forced into taking on less favorable terms than

those available to male-run organizations.

Another key challenge facing women leaders is

gender pay disparity – something which

remains pervasive throughout many industries

despite ongoing efforts towards achieving

greater equality across all sectors. Women

continue to earn significantly less than men for

similar roles and responsibilities, with some

reports suggesting the average woman earns

only 80 cents for every dollar earned by her

male counterpart in tech roles.

Finally, networking presents yet another

obstacle for females looking to succeed in this

field as well. Despite initiatives such as women

focusses conferences and groups helping more

women to form connections with each other

and build relationships with potential

mentors/investors, there remains a lack of

female role models at decision making positions

within larger corporations– meaning it can be

harder for younger generations of females

entering this space today find support or advice

from experienced professionals who understand

what they’re going through first hand.

Altaworld’s Women in InsureTech

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