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Women in Insurance April 2019
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Advancing Women and Girls in STEM Careers Through Mentoring: A National Movement
Million Women Mentors (MWM) is a national movement to spark the interest and confidence in women and girls to pursue STEM careers and leadership opportunities through the power of mentoring.
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1 2 Four Pillars of Million Women Mentors I. Broad Reach
Volunteer leaders across 46 states Over 1,000 volunteers Four Governors and 13 Lieutenant Governors involved in state initiatives More than 1,600 partner organizations At both the national and local community level, members reinforce their presence as a leader in the STEM movement II. Scalable Model Easy to use platform removing barriers for organizations to launch and maintain their national mentoring programs Internal communications kits to drive awareness, commitment and excitement to become a mentor Mentor training resources, best-practice curricula and regular webinars III. Community Engagement IV. Proven Sustainability Connect your employees to mentees through a constantly curated group of local NGOs Connect your employees to mentees through a constantly curated group of local nonprofit organizations Focused on outcomes, MWM has consistently surpassed goals and continues to expand its impact 1 Partnership database powered by MENTOR, the National Mentoring Partnership Tracking of pledges and completed mentor relationships to monitor community impact MILLION+ Completed Mentor Relationships MILLION+ Pledges to Mentor 2
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Million Women Mentors Women in Insurance Initiative
The mission of the Million Women Mentors Women in Insurance Initiative (WII) is to increase diversity and inclusion in the insurance industry and promote insurance as a desirable, stimulating, and opportunity-rich industry for women. Consortium Goals Advocate for pay parity and a notable increase in the number of women in leadership positions within the insurance industry Encourage and support women in pursuing careers and leadership roles in the insurance industry through mentoring, career development programs, and other talent advancement efforts
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Why Women in Insurance? Women comprise more than 60% of the insurance industry but hold only 19% of board seats, 11% named insider officer positions, and 12% top officer positions.1 As of 2016, women in insurance earned 62 cents for every dollar earned by men.2 Only 8% of insurance companies have formal programs to develop strong careers for women.3 A Hartford study showed that as of 2015, only 4% of millennials are interested in working in insurance.
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to drive progress and impact across the industry.
WII builds on the momentum of MWM to drive progress and impact across the industry. Published Reports Events and Webinars WII has released a series of reports providing a landscape view of women in the insurance industry. WII participates in MWM events and webinars, and holds its own quarterly calls and roundtable events to share insights. Annual MWM Awards Gala & Summit International Women’s Day Webinar MWM Leadership Circle Webinar
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The WII Consortium is organized for action.
Committee Committee Chair(s) Communications Data Insights Innovation States
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In 2019, WII will continue to increase
opportunities for women in insurance through planned publications, campaigns, and events. Data Report Leader Profiles Beyond the Buzzword Taking a never-before-seen look into organization-specific data across the industry Showcasing trailblazers and role models across industries Participating in MWM’s campaign to share the real work and impact of mentoring
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Thanks to this growing consortium of leaders, we have opportunity to achieve real impact for women across the insurance industry. Women in Insurance Chair Margaret Resce Milkint Managing Partner The Jacobson Group
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To learn more, please contact:
Margaret Resce Milkint, Managing Partner, The Jacobson Group - Amy Etten, Senior Director, STEMconnector -
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Appendix A: MWM-WII Member Benefits
Million Women Mentors Mentor Matching Service Online platform through MENTOR to connect your employees and partners to local mentoring opportunities Access to constantly curated list of local mentee-serving institutions in need of mentors Activation kit including: research-based mentoring best practices, how to build a corporate mentoring program, and incorporating STEM into a mentor relationship Support in setting goals for your mentoring program, including pledge commitments and mentoring relationships along with benchmarks Monthly webinars on mentoring hosted by MENTOR Events Attendance for up to three guests at the annual MWM Awards Gala and Summit attended by over 300 corporate and state leaders Branding according to sponsorship level at all MWM events Networking with peer leaders and thought partners Media & Branding Company name and logo listed on the MWM website National press release announcing MWM membership Promote membership via key media partners, such as Diversity Magazine Opportunity to share insights and content in the STEMDaily, the Million Women Mentor’s newsletter and the STEMconnector blog reaching corporate, academic, and other partners interested in mentoring women in STEM, reinforcing your organization as a thought leader in the STEM mentoring space Women in Insurance Meetings Women in Insurance will host quarterly calls to introduce new members, provide updates on progress, chart next steps, recognize best practices and applaud successes The full consortium will come together at least once per year in person at the Women in Insurance Annual Meeting Individual Committees will meet throughout the year as determined by the individual Committee Chairs - members have the opportunity to join at least one committee Committees include the Communications Committee, the Data Committee, the Innovation Committee, and the States Committee. Events Women in Insurance will host webinars to share its work with the larger MWM and STEMconnector audiences Members of the WII Consortium will present on its work at the annual MWM Summit Media & Branding Women in Insurance will leverage the communications tools listed on page two to promote the members of the Consortium and the work of the Initiative Consortium members’ names and logos will be listed on the WII page of the MWM website Printed and electronic Women in Insurance materials, including white papers and reports, will acknowledge members of the Consortium Mentor Resources Create custom mentoring resources for Women in Insurance
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Appendix B: Committee Descriptions
Data Insights Communications Led by: ACORD & Luther Pendragon Contact: Tanya Krochta, Beth Jarecki, Led by: Verisk Contact: Barbara Ingraham, The Communications Committee leads the communications strategy for the group and coordinates with communications representatives of member companies. It is responsible for writing, designing, and producing the annual Women in Insurance Brief, featuring data and analysis from the Data Committee. This team also provides marketing and distribution for the paper and call to action. Finally, the Communications Committee leads social media efforts for the cohort, and works to build opportunities for op-eds, blogs, and other ways of gaining visibility for efforts. The Data Insights Committee will provide an accurate overview of women’s opportunities within the insurance industry. The Committee is inspired by what is working in the UK, where data on demographics and salary level is required to be public, and is looking to generate similar data in the United States. The Committee leads a call to action for individual companies to report on gender parity issues. 2019 Focus: providing and analyzing data for the annual Women in Insurance Brief Innovation States Led by: Munich Re Contact: Jean Vernor, Led by: MEMIC Contact: Catherine F. Lamson, Connect your employees to mentees through a constantly curated group of local NGOs The Innovation Committee will focus on solutions, including mentoring, to build diverse talent pipelines to propel innovation in the insurance industry. The States Committee will work to set an example for how corporate leaders in the insurance space can engage the MWM across their states and become more involved in local efforts to increase opportunities for women and girls in STEM.
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Appendix C: 2019 Calendar
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