As she’s grown in her career, LeGrand has looked for ways to support future generations of risk and insurance professionals.
In 2014, she founded the non-profit the Women Leadership Team which helps young women interested in the insurance industry find female executives to mentor them. The launch event for this organization was attended by executives from around the world and included speeches from World Economic Forum leaders.
Helping women go from entry-level positions to leadership roles will be key to closing insurance’s gender gap. A 2018 McKinsey & Company report found that while women make up 56% of entry level positions in the insurance industry, they only make up 30% of vice president positions and 18% of the C-suite.
Closing this gap will be critical if the industry has any chance of fending off the impending talent crisis. A Risk Management Society Study found that only 16% of insurance professionals think there will be enough talent to serve the industry’s needs by 2025.