By Daniel Steinzeig
Over the last 100 years, women have enormously contributed to the insurance industry, yet many are unaware of their influence in this business sector. Today, 1.6 million women in the United States are employed in the insurance industry—58.9 percent of the total 2.8 million insurance workers.
Here are some milestone moments for women in the insurance industry:
- 1936 – The first recorded women’s insurance industry organization, Women Leaders Round Table, is founded. It is now known as Women in Insurance & Financial Services.
- 1953 – Lucille Devore Tucker is the first woman to join the Million Dollar Round Table.
- 1960 – Viola G. Turner becomes the first woman Vice President at North Carolina Mutual, the nation’s most prominent African American life insurance company. She was then named West Virginia’s Insurance Commissioner in 1961.
- 1976 – The Association of Professional Insurance Women is founded, which assists women with career development in the insurance industry.
- 2006-2016 – Women make up about 61% of the insurance industry workforce yearly.
- 2013 – Inga Beale was named the first female CEO in Lloyd’s of London’s 325-year history.
- 2016 – Tricia Griffith was named CEO of Progressive, and in 2018 she became the first woman to be named Fortune’s Businessperson of the Year.
- 2020 – Women dominate insurance occupations, and 21.4% of executives and officers at large insurers are women.
Women have played a massive part in the advancement of the insurance industry, and today and every day, we celebrate them! TrustPoint Insurance & Real Estate is proud to be a 100% women-owned business.