Insurance’s most gender-equal firms named

gender diversity

Allianz has maintained its position as one of the insurance industry’s leading lights in gender diversity, earning itself an Employer of Choice for Gender Equality citation.

Announced this morning, the Workplace Gender Equality Agency (WGEA) citations were awarded to 76 Australian companies as the best of the best in promoting equality.

Suncorp and life insurer TAL also made the list.

Allianz Australia Workers Compensation Chief General Manager Helen Silver recently told IRP that there was a very strong business case for allowing women to succeed in the industry.

“Across society women make up 51% of the entire population, yet we see across the top 200 businesses listed in the Australian Stock Exchange, women represent just 10% of executive roles tangible,” she says.

“Allianz is doing much better than that. In Australia, about 57% of our employees are women and women make up about 34% of management roles in that same context. We are really pushing gender diversity hard because we believe it provides access to a broader talent pool.”

TAL Group CEO Jim Minto says the firm is enormously proud to have been recognised for the hard work they have done in removing gender inequality from their workplace.

“This has involved closing the pay gap for all roles and a range of initiatives to promote greater diversity and inclusion for all regardless of gender, racial background or physical ability.

WGEA Director Helen Conway says one of the resounding themes in the applications for the citations was the need to integrate men into diversity initiatives, promoting acceptance around men taking parental leave and working flexibly.

“Achieving gender equality depends on men taking a more active caring role and this necessarily requires more active support from employers to change norms so that flexibility and caring is not a career killer for women and men,” she says.

Meanwhile, ANZIIF has launched the first Women in Insurance Survey, aimed at addressing the paucity of data on women in the industry.

ANZIIF Women’s Council Deputy Chair Kerrie Challenor says most surveys of women in business have been too broad and not specific to the insurance industry.

“Through this survey we will be able to dive into the issues women in our industry face and be better placed to work together to provide relevant opportunities to support their career development,” she says.