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    AIA Group is one of the largest life insurers in the world, with a presence in 18 markets across Asia Pacific. AIA New Zealand Limited is part of the AIA Group and has been providing insurance to New Zealanders since 1981.

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  • At AIA we support gender equality and have opted to publish our Gender Pay Gap

    Gender Pay Gap

    At AIA we are committed to helping people live Healthier, Longer, Better Lives. We believe a fundamental part of this is championing the fair and equitable treatment of everyone – our customers, our partners, and our people.

    Since March 2022 AIA NZ has opted to publish our gender pay gap publicly. We did this to encourage the gender pay conversation, as well as to ensure that as an organisation we hold ourselves accountable for addressing our current pay gap and commit to making improvements.

    What is a pay gap?

    A pay gap is the difference between the median rates of pay for different groups of people in an organisation.

    At AIA New Zealand we use two key measurements to help us better understand and explain the underlying reasons for differences in pay – the Gender Pay Gap and the Pay Equity Gap.

    Gender Pay Gap

    A gender pay gap shows the difference between pay for men and women. At AIA NZ, we calculate our gender pay gap using the following formula:

    Median Pay for males - Median Pay for females
    Median Pay for males
    X 100

    This calculation provides a percentage figure. A pay gap of 10% for example would mean the average man was earning 10% more than the average woman, regardless of type of work they do or hours they work.

    While this figure doesn’t compare like-for-like pay equity, it does give insight into the kinds of jobs men and women are generally undertaking, and the average rates of pay for these.

    Pay Equity Gap

    Pay Equity is about women and men receiving the same pay for doing jobs that are different, but of equal value. Within AIA NZ, this metric is based on the compa-ratio of men compared with women (comparing an employee’s earnings against the pay range for their role).

    What is the gender pay gap and pay equity gap at AIA NZ?

    Gender Pay Gap

    The gap between the median earnings of women compared with men

    In 2024, AIA NZ’s gender pay gap is 19.4% in favour of men.  

    Pay Equity Gap

    The gap between the median earnings of women compared with men in similar roles

    In 2024, AIA NZ’s pay equity gap is 1.0% in favour of men.  


    Why does AIA have a 19.4% Gender pay gap?

    Like many organisations within our industry, the key driver for the overall gender pay gap at AIA NZ is the distribution of our employee population. Specifically, we have a larger proportion of women in our lower paying roles, and a smaller proportion in our highest paying roles. 

    While the gender pay gap is higher than we would like, this is below the average gender pay gap for the Financial Services and Insurance industry of 29.3%.  

    In addition, the pay equity gap provides us with confidence that at AIA men and women receive equal money for doing equal work.

    What are we doing about it?

    We acknowledge action needs to be taken to reduce our current gap, and we are focused on making changes to bring about greater equality.

    Key areas of focus include: 

    • Continue to measure and publish our gender pay gap annually.
    • Complete a full gender pay equity review each year, ensuring that women and men across AIA NZ are paid equally for equal work.
    • Design and actively manage talent identification and succession planning processes that strengthen, develop and promote our pipeline of women in senior leadership
    • Continue to invest in targeted leadership development for women through our annual women-only leadership programme, Hikitia Mai.
    • Ensure recruitment processes for Senior Leadership roles include at least one credible female candidate and have a diverse interview panel, including at least one female leader
    • Additional workplace support for women with flexible working, the provision of free period products, menopause support toolkits, and enhanced parental leave benefits.
    • AIA NZ is proud to have the YWCA Gender Tick accreditation for gender equality – the first insurer to gain the tick!
    Contact Us

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    Private Bag 92499
    Victoria St West
    Auckland 1142

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    CONTACT US

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    Mon - Fri 8:30am - 5:30pm
    AIA House, 74 Taharoto Road, Takapuna, Auckland 0622, New Zealand
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