The Chartered Insurance Institute (CII) has announced that it has closed its gender pay gap to almost half of its number two years ago.
In the two years since organisations in the UK started publishing figures on their gender pay gap, the CII reported that its own gap shrank from 28% in April 2017 to 14.77% in April 2019.
During those two years, the CII said that it has re-evaluated roles to address the “historic unfairness” towards part-time workers, trained managers to recognise and overcome unconscious biases, and encouraged social networks within the organisation to support people as they take on more responsibility.
Sian Fisher, chief executive officer of the CII said that understanding the “scale and nature of the problem and mastering the tools that can help us resolve it means that progress can be – and is being – made.”
“I’m very proud that the CII has reduced its own mean gender pay gap. I know that we can’t be complacent, that we will always have to be vigilant against bias and continue to monitor and evolve our initiatives to support our colleagues,” said Fisher. “I also know what the insurance profession can achieve when it has a clear target and a reliable method for measuring process. I look forward to seeing many firms in our profession making progress in narrowing the gender pay gap.”
We’ll bring you more from Fisher on this story later today.