The Association of British Insurers (ABI) has released new information from its annual talent and diversity data collection, which the trade body believes is an indication of the progress made within the insurance and long-term savings industry when it comes to female representation at the most senior level.
According to the ABI, women now hold 29% of board roles – an improvement from 2019’s 25%. Meanwhile preliminary figures show that 24% of executive level positions in the sector are held by women.
“It’s encouraging to see the growing female representation at the most senior levels of the insurance and long-term savings industry,” said ABI long-term savings and protection director Yvonne Braun, “but much more needs to be done to improve diversity more widely.
“We need to redouble our efforts to create equality of opportunity in our industry. We’re committed to working closely with our members to drive faster progress and build a truly modern, inclusive sector that attracts and retains the best talent from across society and the communities we serve.”
Among the ABI’s initiatives, as part of the association’s new diversity and inclusion strategy, is a flexible working campaign that will be rolled out this year. The goal will be to not only encourage more women to apply for senior roles but also make the sector a more inclusive place to work.