Context
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 (DEI) across the insurance and long-term savings industry.
Key points to note
- 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.
- 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.
Next actions
None – for information and awareness.