Reflections on D&I within the insurance industry

This week’s podcast provides a chance to reflect on the last few years of Diversity & Inclusion within the Insurance sector; to consider where we are now and our predications for the future within the sector.

Historically, insurance has been a very male-dominated, but we’ve seen initiatives like the Women in Finance Charter, Dive In Festival and Inclusion@Lloyds partner networks help the financial services sector and in particular the insurance market become more diverse and inclusive, but how far have we really come?

I was delighted to be joined by Louisa Erwin, Head of Diversity and Inclusion, Europe, Eurasia and Africa at Chubb for the discussion.

5 key takeaways:

  1. Focus on equity, rather than equality, acknowledging that not everyone starts from the same place and consider how to improve access and eliminate bias in processes.
  2. The pandemic has shifted the way we work forever and, within the context of Chubb specifically has created a new ‘culture of collaboration’.
  3. The insurance sector still needs to consider its employer brand to attract diversity at all levels – not just at entry levels e.g., apprenticeship programmes but also other stages e.g., returners programmes, ensuring they lead to substantive roles.
  4. We need to build in mechanisms that will be long-standing and drive sustainable change, whilst remembering it will take time (there are no quick fixes).
  5. The last year has led to engagement in a way we’ve not seen before e.g., getting to know colleagues in a more personal way or engaging with clients globally, which is all changing the ‘workplace of tomorrow’ for the better.

Leave a comment