Women's Risk in LIfe by the Chartered Insurance Institute Part 4

Potential generic areas of intervention for the profession, identified in this interim report include the following:

·       Education and awareness – Educating and raising life risks awareness amongst young men and women, and of the risks associated with not engaging with, and taking ownership for managing, their respective risks in life.

·       Equality oriented solutions – Access to risk solutions, including advice, services and products, that allow for equality between men and women – such as savings and investment products that address individual’s needs, circumstances and risk appetites – even when earnings’ disparities exist within relationships.

·       Specific risk mitigation – Specific risk solutions for particular circumstances to allow women in complex situations (such as dependent partners suffering violence) to both protect and empower themselves.

·       Employer solutions – Engaging with employers, and developing new and improving existing workplace risk solutions for employees – these may benefit solutions funded by employer or employee funded options, both aiming to support closing the women’s protection gap.

·       Effective engagement – Improved engagement with women, empathetic with women’s approach to risk, addressing their expectations and preferences in regard to informed and individual advice – through face to face, telephone as well as new and technology-based interactions.

·       Building trust and relevance – Improving the image of the profession and making it more appealing to women.