ABI to transform sector with DEI Blueprint

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Ambitious DEI Blueprint to improve diversity, equity and inclusion across the insurance and long-term savings industry.
Multi-year strategy to attract people from all backgrounds, support people to achieve their full potential, and advance understanding.
Greater focus on socio-economic status and supporting people through significant life events, as well as data transparency.

The Association of British Insurers (ABI) has published an ambitious new Blueprint, setting out a multi-year strategy and work plan to improve Diversity, Equity and Inclusion across the insurance and long-term savings industry.

Launched at the ABI’s DEI Summit today, and created in collaboration with industry leaders*, the Blueprint takes a holistic approach to DEI and sets out priority areas for the ABI to lead, good practice for industry, and opportunities for collaboration with experts. It looks at each stage of the employment journey: from using inclusive recruitment practices to attract the best talent from all backgrounds, to helping employees grow and progress their careers in the sector, and advancing understanding of what works to drive improvement.

Attract

The sector has made progress, but it has not been consistent. While the proportion of board members that are women increased from 29% to 32% last year, the overall proportion of employees from ethnic minority backgrounds across the industry fell from 10% to 9%, largely due to decreases at entry level.**

The Blueprint’s first goal is focused on recruitment practices. It aims to encourage people from all backgrounds, experiences and seniority into the sector, and to break down any barriers in their way. With a greater focus on socio-economic status, the Blueprint seeks to make opportunities for apprentices and school-leavers attractive and inclusive, drive up the take-up of initiatives to support under-represented groups into the industry, and show that insurance and long-term savings offers a wide range of…

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About the Author: V. Moss