As we celebrate Women’s History Month, we proudly recognize the remarkable contributions of women who have shaped the insurance and automotive industries through their innovation, leadership, and determination. Their impact has not only transformed these fields but also paved the way for future generations to succeed and lead.
Today, women are making powerful strides across the industry. According to the Insurance Information Institute, women represent 59% of the insurance workforce, reflecting their significant presence and influence. Leadership representation continues to grow as well — McKinsey reports that 104 women are promoted to management roles for every 100 men in insurance, surpassing the average of 87 women across all industries. Additionally, women now hold 40% of board seats in the sector, highlighting their expanding role at the highest levels of leadership.
In honor of this progress, let’s take a moment to celebrate five pioneering women whose legacies continue to inspire and empower others across the insurance and automotive worlds.
Susan B. Anthony
Beyond her pivotal role in the women’s suffrage movement, Susan B. Anthony was among the first women to own a life insurance policy. In 1869, she purchased a policy from New York Life, emphasizing the significance of financial independence for women. Her actions demonstrated how insurance could help secure a more stable future for other women. Learn more about Susan B. Anthony here.
Amanda Blanc
As the CEO of the British insurance carrier, Aviva, Amanda Blanc stands out as a trailblazer in the insurance sector. Taking the helm in 2020, she has been instrumental in streamlining the company’s operations and focusing on core markets. Her leadership exemplifies the growing influence of women in top executive roles within the industry. Learn more about Amanda Blanc here.
Bertha Benz
Although she’s primarily known for her contributions to the automotive industry, most notably completing the first long-distance automobile journey, Bertha Benz, the wife of Karl Benz, the founder of Mercedes-Benz, also had an impact that extends to auto insurance. Her groundbreaking trip in 1888 led to a transformative shift in the automotive industry by proving the practicality of motor vehicles and sparking advancements in car design, infrastructure, and public acceptance. Her pioneering spirit also underscored the need for automotive safety and risk management, laying the groundwork for the future of auto insurance. Learn more about Bertha Benz here.
Barbara Bufkin
With a career spanning nearly four decades, Barbara Bufkin has held numerous leadership roles in the insurance industry, including reinsurance broker, chief underwriting officer, and executive advisor. She currently serves as Chair of the Insurance Industry Charitable Foundation and sits on several other boards. Her work has advanced innovation, mentorship, and diversity, highlighting the expanding opportunities for women in the insurance sector. Learn more about Barbara Bufkin here.
Margret A. Wilcox
Love to blast the heat in your car on a cold morning? You have Margaret Wilcox to thank for that. In 1893, Margaret, an early innovator in mechanical engineering patented the first car heater, which directed warm air from the engine into the passenger compartment. Wilcox’s work continues to inspire, proving that women’s contributions to engineering and automotive technology have been groundbreaking and essential. Learn more about Margret Wilcox’s life here.
From pioneering the first long-distance car journey to holding top executive roles and advocating for financial independence, these trailblazing women’s contributions have driven progress, challenged norms, and opened doors for future generations. Their stories serve as a powerful testament to the lasting impact of women’s leadership and ingenuity across the industry.
At Maryland Auto Insurance, we’re proud to support and cultivate that same spirit of leadership. Through our annual Women’s Conference held each October, we bring together dynamic female professionals who inspire and empower our team members and producer partners with insights on leadership, professional development, financial education, and women’s health.
As part of our continued commitment to diversity, equity, and inclusion, we are honored to play a role in shaping the future of women in insurance — celebrating their achievements today, while investing in the leaders of tomorrow.
