The industry has made progress on increasing diversity in recent years, but there’s a long way to go, say industry experts. It’s time for businesses to get serious—before the consequences become clear.
The re/insurance industry, in common with others, has been vocal about the need for increased diversity in recent years. The Inclusive Behaviours Pledge, launched in 2018 by Lloyd’s alongside Aviva, AXA, Marsh, RSA, Willis Towers Watson, Zurich and the British Insurance Brokers Association and others, led to rapid uptake in the sector.
“We think of ourselves as a data-led industry, yet the data we have on our diversity is appalling.” Ian Simons, Chartered Insurance Institute
The murder of George Floyd in 2020 and subsequent protests worldwide drove further reflection and brought widespread support for the Black Lives Matter movement.
diversity, ILS, Reinsurance, UK, ABIC, AXA XL, Protecdiv, MS Amlin, Link, Audry Torrence, Ian Simons, CII, Caroline Bedford, Patrick Tannock, Kael Coleman