This discussion looks at Diversity, equity, and inclusion (DEI) as more than just moral imperatives. They have a direct impact on growth. Diversity reduces group think and makes firms more innovative and competitive. Consumers, investors, and venture partners also increasingly look to DEI when deciding where to put their money. With this in mind, we brought together a panel of insurtech specialists and investors to get their take on the DEI agenda and why the worlds of insurance and venture capital are so lacking in diversity.
Through our work at FinPro and off the back of our odcast, The Leadership In Insurance Podcast, we are exposed to many issues that are topical or current, sometimes we are in a position to do something about it in our role as a recruitment business that specialises in insurtech. One issue that has often cropped up is the lack of female leadership in insurance technology businesses, 64% employees insurance are women but only 18% CEOs. This is nothing new nor surprising, we can see that the numbers are simply not representative in the traditional insurance industry, but in a nascent industry, one that in many aspects is so forward-thinking it’s disappointing to see this theme of gender inequality be mirrored. There are simply not enough female leaders. What can we do about that? One thing we are able to do is to build networks and provide platforms for support and discussion for women in this industry, hence why we are here for this webinar today. We decided to centre today’s discussion around start up funding journeys from the vc perspective.