From: Captive.com/IRMI
Women continue to play an increasingly influential role in the captive insurance sector, yet gaps in representation, advancement, and visibility persist. Research from McKinsey & Company continues to show a notable drop-off for women between entry-level and middle-management roles in financial services—patterns that are reflected across the insurance industry and within the captive insurance community, where women remain underrepresented in senior leadership positions.
Against this backdrop, the Captive Insurance Companies Association (CICA) launched Amplify Women, a group now entering its seventh year and growing steadily. With more than 200 participants, the initiative focuses on expanding women’s opportunities in speaking roles, publishing, academic collaboration, networking, and professional development. It also encourages mentorship and broader industry engagement—critical components for advancing talent across generations.
According to recent industry reporting based on data from the Insurance Information Institute (Triple-I), women make up roughly 59 percent of the US insurance workforce. Yet female representation in senior leadership remains limited, with only about one-fourth of C-suite roles held by women. While these figures reflect gradual progress, they highlight the continued need for initiatives that expand visibility, opportunity, and advancement for women across the insurance and captive sectors. One sign of momentum: 48 percent of speakers at the 2025 CICA International Conference were women, up from 46 percent in 2024 and 43 percent in 2023.
