New research from the International Cooperative and Mutual Insurance Federation (ICMIF) found that in 2020, 27.8% of directors serving on ICMIF members’ boards were women, this is ahead of the financial industry average of 23.3% in 2020* and the insurance industry average of 26% in 2019**. This is a substantial increase from 20.6% in 2015 and nearly double from 14.3% in 2011.