Lloyd’s introduces new programme for female leaders

The insurance market takes “targeted action” to improve the representation of women at senior levels

Lloyd’s introduces new programme for female leaders

Insurance News

By Mina Martin

Lloyd’s has rolled out a new programme targeting future female leaders within the Lloyd’s Corporation and across the market.

The Lloyd’s Advance pilot programme will run for six months from January, providing an initial cohort of 15 women with targeted development, access to experts and role models, and ongoing networking opportunities to support their future careers within the corporation and the market.

“Like many financial-services firms, insurance shows an equal number of men and women at the entry levels,” Lloyd’s said. “However, this representation does not translate at the senior levels. Hence, the need to take targeted action. As part of our commitment to closing the gender-pay gap, Lloyd’s Advance aims to improve the pipeline of senior women through a modular-based development programme, targeted at female employees identified by their line managers as future leaders.”

Each organisation wishing to nominate a future female leader will also be required to put forward a sponsor for her and a mentor that will be matched to another programme participant.

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