Women Bankers & Insurers creating more Possibilities in Finance Management

Digitization of Banking & Insurance: Digitalization has not only invaded the front-office areas such as product development and customer interaction but also on finance and insurance. Also, Technology, Analytics, and Big Data have aided in this process of evolution, through which small to large, every industry is moving through, and Banking and Insurance companies are no different. Backed by apt technologies and innovations, today banking and insurance sector is achieving a competitive edge and driving operational agility in order to respond the shifting customer needs and demands. Witnessing this ever-evolving insurance market and changing customer sensibilities, insurance providers are now running toward automating their processes and bring in efficiencies to improve turnaround time and cost-efficiency.

Women Bankers & Insurers: Undeniably, since the last two or three decades, India is witnessing the wide emergence of women entrepreneurs and corporate executive in all the emerging areas and Finance and Banking is no different. Today, they are not only emerging leaders in traditional sectors like banks and insurance, but successfully making it to the board. No doubt that men still make up most of the management ranks at banks and insurers, some latest surveys and research reveals that these wonderful female executives are now all set to point the way to improve gender diversity.

With these new-age female banking and insurance brokers diving into the sector, reshaping and redefining the industry by promoting investment in customer-facing, cloud-based digital innovations and creating unexpected, the Indian banking and insurance industry is undergoing a complete metamorphosis. Owing to these unmatched efforts, today India is the fifth largest life insurance market in the world's emerging insurance markets, growing at a rate of 32-34 percent each year.

Our endeavour at Women Entrepreneur Magazine has always been to highlight remarkable women leaders across geographies and industries. In keeping with our motto, the current issue of the Women Entrepreneur Magazine features a list of ‘Top 10 Women in Banking & Insurance - 2023'. Compiled by a panel of industry veterans, CEOs, CXOs and the Women Entrepreneur Magazine editorial team, the list features prolific women who have not only crafted illustrious and innovative businesses but have proven their mettle as leaders across the diverse businesses playing a key role in contributing towards strengthening the workforce.