In the wake of movements such as Black Lives Matter, the need for diversity and inclusion to be more than a box-checking exercise has been brought firmly to the forefront at compa-nies across the insurance sector and beyond. At IBUK’s Top Insurance Workplaces, the extent to which diversity and inclusion has been embraced often directly correlates to the level of success the organisation enjoys.
Several companies highlighted the initiatives they have implemented to nurture and develop diverse talent within their businesses. From programmes to recruit young talent and/or the ageing workforce to programmes aimed at bringing in minority employees, these companies have embraced a broad defi-nition of diversity that includes gender, age, race, sexual orientation and disability.
However, this survey makes it clear that insurance businesses still have a long way to go when it comes to applying the princi-ples of diversity and inclusion at the upper echelons. For instance, while women make up an average of 47% of the workforce at this year’s Top Insurance Workplaces, only 23% of employees at the executive level, on average, are women.
Fewer than 99 employees: 53%
100 to 499 employees: 43%
Fewer than 99 employees:
Female: 45%
Male: 55%
100 to 499 employees:
Female 48%
Male: 52%
Fewer than 99 employees: 26%
100 to 499 employees: 8%
Fewer than 99 employees:
Male: 69%
Female: 31%
100 to 499 employees:
Male: 86%
Female: 14%
Fewer than 99 employees: 30%
100 to 499 employees: 5%
