8 \\\\\ OPINION
Cultural
evolution
With improved gender equality comes better
business results, so Intelligent Insurer spoke to
business leaders about the current climate of change
and what re/insurers can do to accelerate it.
ender equality is often thought of as a women’s
issue, but many senior business leaders will argue
that it is a societal issue that has implications for
us all.
G
“The business case for gender equality has been made,”
says Inga Beale, highlighting the array of studies detailing
the benefits of greater equality to business and the global
economy.
The former chief executive officer of Lloyd’s of London,
who is now leading her own company, Noringa Consulting,
is not wrong. Ongoing research from McKinsey shows that
the business benefits of equality range from stronger financial
performance to greater innovation.
McKinsey’s “Delivering through Diversity” report, published
in January 2018, showed that companies in the top quartile
for gender-diverse executive teams were 21 percent more likely
to outperform on profitability and 27 percent more likely to
have superior value creation.
Diversity and Inclusion Report 2019 www.intelligentinsurer.com