Kathmandu. As difficult as it is for women to reach higher positions in insurance companies in Nepal, it has become even more challenging to stay there. According to the report of the Nepal Insurance Authority, although men leave more jobs at the lower level, the rate of women leaving the company at the higher level is much higher than that of men.
According TAG_OPEN_em_6 to the Nepal Insurance Authority’s study report “Insurance through a Gender Lens: A Fama Meter Assessment in Nepal” ({TAG_CLOSE_em_6}}, the rate of women leaving the board of directors of life insurance companies is 10.5 percent, while in the case of men, it is only 4.5 percent. Similarly, 7.7 percent of women and 5.6 percent of men leave the executive level. In non-life insurance companies, 9.1 percent of women and 7.7 percent of men leave the executive level, while in small non-life insurance companies, 25 percent of women executives have left the office, while in micro non-life insurance, 25 percent of women executives have left the office, while the rate of men is only 5.3 percent.
In contrast, at the lower level, men are more likely to leave their jobs. At the manager level of life insurance, 12.1 per cent of men and 6.4 per cent of women have left the company. Among the overall life insurance employees, 12 per cent of men and 8.5 per cent of women have left their jobs. Similarly, in micro life insurance, 52.3 per cent of male employees have left their jobs, while the rate of women is only 30.8 per cent.
Retaining women in high positions in the company has been seen as a big challenge for the insurance sector. The authority has suggested to find out the main reasons why women leave high positions and bring a special incentive scheme to retain them.
