The Employee Experience Platform | Culture Amp

Insurance (Female) 2020

The insurance benchmark is made up of companies that provide a variety of insurance services; including health insurance, specialty and standard commercial lines insurance, risk assessment, car and motorcycle insurance and associated comparison services. The benchmark includes traditional providers of insurance as well as organizations that lean towards more technology oriented solutions. This benchmark only includes Women employees. We use woman and man because most of our customers are using binary options.

  • Emerging

    Benchmark status

We consider this an emerging benchmark: it has enough data available for us to use bootstrapping to create a representative sample. As the sample grows in size, some scores may slightly change. Our research has shown that our bootstrapped scores are consistent with our standard benchmarks. Read more about the methodology.

Data provided by Culture Amp

Industry breakdown

  • Insurance

    100%

Region breakdown

  • North America

    51%

  • Oceania

    35%

  • Europe

    11%

  • Asia

    2%

Are employees committed to their organizations?

Engaged people are emotionally committed to their organization. These people stay at their organizations longer and are more productive and effective. Successful organizations have more engaged employees.

70% of Insurance (Female) employees are engaged

This is in the bottom 32% compared with the overall average.


The average eNPS score for organizations in this benchmark is 12 and is in the bottom 24% compared with the overall average.

Understanding the engagement questions

Engagement is defined through these five industry-standard questions from Culture Amp’s engagement survey template.

I see myself still working at [Company] in two years' time

65%

2% above global average

I rarely think about looking for a job at another company

56%

1% above global average

I am proud to work for [Company]

84%

2% below global average

I would recommend [Company] as a great place to work

80%

2% below global average

[Company] motivates me to go beyond what I would in a similar role elsewhere

66%

3% below global average

The highest scoring question for Insurance had 90% of Women agreeing that they know how their work contributes to the goals of [company] (+1% compared to overall) while they were generally most positive about Management.


Women in Insurance were generally least favourable about Action, and were most negative towards 'When it is clear that someone is not delivering in their role we do something about it' with 22% of people disagreeing (+2% above average).

How long do people stay?

In the short term, 20% of people in this benchmark are thinking of or actually seeking jobs elsewhere (+0% compared to overall) while on a longer time frame, 12% of people see themselves leaving within two years (+0% compared to overall).

The following questions had the biggest impact on whether individuals felt that they were planning to stay at their organization and not actively looking for alternative jobs.

1

I believe action will take place as a result of this survey

56% favorable

Action
2

I know what I need to do to be successful in my role

86% favorable

Alignment & Involvement
3

I am happy with my current role relative to what was described to me

75% favorable

Alignment & Involvement
Average Glassdoor ratings

We’ve connected the employee feedback data for each company included in the benchmark with ratings from Glassdoor.com, which is one of the world’s largest job and recruiting sites combined with a growing database of company reviews, CEO approval ratings and more.

Overall Rating

3.55 stars (-0.2)

Culture and Values

3.35 stars (-0.5)

Work Life Balance

3.55 stars (-0.2)

Compensation and Benefits

3.4 stars (-0.2)

Career Opportunities

3.1 stars (-0.4)

Recommend to Friend

65.5% (-5.5)

CEO Approval

86.0% (+2)

Are staff empowered with results?

Organizations in the Insurance (Female) benchmark on average gave 13% of employees access to reports with their survey results. This is higher than average and demonstrates that organizations in this benchmark tend to be more transparent with their survey results to leaders and managers.

An interesting reference point is that the average proportion of managers in organizations is 12-15%, with some industries higher than others (New Tech was closer to 20%).



  • Insurance (Female)


    13%

  • Global average


    10%



  • How does Insurance (Female) compare?

    Women in Insurance were much more positive than average regarding Decision Making and Innovation.


    On the lower side, Women in Insurance had much lower favorable scores than average in Fairness, Voice, and Work & Life Blend.

    Insights data provided by Culture Amp.

    What makes Insights special? Gain a deeper understanding of how they work.

    Learn more about Insights with Culture Amp’s benchmarks

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