Senior Executives across the profession have joined forces to form a committee to lead the Insuring Women’s Future’s (IWF) programme.
IWF is a programme of change, led by the Chartered Insurance Institute (CII), which will challenge accepted convention and drive education and innovation to ensure insurance and financial planning products fully respond to the risks faced by both genders and society more generally.
Inga Beale, CEO at Lloyd’s, recognised global insurance business leader, role model and advocate for women will act as Patron and other key appointments include:
IWF recognises that currently women are less engaged with insurance protection products and services than men and as a consequence are under-protected.
Sian Fisher, Chief Executive Officer at the CII and Chair of the committee, said: “Women represent just over half of the UK population, and yet their access to and use of, insurance and financial protection is limited when compared to their male counterparts. This is at a time when in today’s society, women are exposed to an array of risks distinct from men, including different health risks, increased life expectancy and in their role as carers and working parents – essentially, we need to reinvent insurance for women.
“This new committee seeks to better understand women’s risks in life, both now and in the future, and the role of insurance protection and long term savings in solving and mitigating these. This is not a ‘gender’ issue, it is a risk for society and we are keen to fully engage our male as well as female colleagues in tackling it. I am delighted that so many senior people from within the profession are giving their time and expertise to champion this cause and look forward to working with them.”