WOMEN’S REPRESENTATION IN THE INSURANCE SECTOR IN ASEAN COUNTRIES


  • SOLICITATION NUMBER: 0002010175
  • INSTITUTION:  IFC
  • ISSUE DATE AND TIME: Jul 19,2024 12:43
  • CLOSING DATE AND TIME: Aug 05,2024 23:59

IFC aims to conduct a regional overview of the status of women as employees and leaders across 10 ASEAN countries in the insurance sector by examining various aspects such as the current state of women's employment; the presence of internal gender-inclusive policies; skill gaps; and factors that limit women's representation in the industry. The study aims to identify opportunities to improve gender balance and accelerate the inclusion of female insurance professionals; particularly in leadership positions. The goal is also to draw insights into the link between gender diversity in the industry and the availability of regulatory gender-responsive policies that address the needs of women employees.  IFC aims to hire a consultant firm to develop the methodology in consultation with IFC's project team. The firm will comprehensively assess females employed in the insurance industry who are members of IFC's partner. This assessment will gather data on gender diversity; employment status; insurance coverage; the enabling environment; and skill gaps. The research approach will include surveys; focus groups; and interviews. The survey will be distributed to all participating members of IFC's partner; and their responses will be analyzed and incorporated into the final deliverable. The Focus Group Discussions and interviews are to be conducted in select countries; with some sessions organized virtually.Data collection should include but not limited to: *    A comprehensive literature review to examine the presence and extent of gender-responsive regulatory policies within the ASEAN insurance industry. *       A baseline Human Resources survey to assess the insurance industry's gender-responsive policies; practices; and statistics.*       A human resources baseline survey comprised of HR policies and practices and HR statistics. *       Employees' perceptions through qualitative staff survey conducted across various levels of staff up to management among IFC’s partner's insurance and reinsurance members.*       Focus Group Discussions with women and men at different levels within a selected group of insurance companies.*       Interviews with stakeholders such as senior male and female executives and other industry experts.*       Surveys and Key Informant Interviews with male and female regulators to assess perceptions and perceived impact of gender-responsive policies within the industry.

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