Working in the insurance industry for nearly half a century–and serving with the Insurance Services Office since its foundation in 1971–Carole J. Banfield has witnessed substantial changes in the business both inside and outside her data-driven organization.
One thing that hasn't changed, however, is that women are still not as prominent as men in the industry–due to both lingering cultural barriers and in some cases their own hesitance to push for advancement, she told National Underwriter in a recent interview.
Ms. Banfield, an actuary by trade and self-described “data junkie,” has by no means been merely a witness to change, serving as a catalyst and facilitator to help advance the industry, while mentoring many of her colleagues–women and men alike–in the process.
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