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Instant Insights / Diversity, Inclusion and Equity in the Insurance Industry

The insurance industry has made notable progress in attracting, retaining and developing diverse talent, but opportunities remain for insurance companies to make diversity and inclusion and central aspect of their culture. In this package, we highlight best practices, research and more to help inform firms' decisions on their path toward promoting and advancing diversity within the insudustry.

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“If you are not inclusive, then you do not have inclusive discussions and thinking in the business, and I think that is a threat to the fabric of the business.” (Photo: elenabsl/Shutterstock) “If you are not inclusive, then you do not have inclusive discussions and thinking in the business, and I think that is a threat to the fabric of the business,” Lloyd’s of London CEO John Neal said in a Bloomberg interview. (Photo: elenabsl/Shutterstock)

(Bloomberg) — Lloyd’s of London, the world’s largest insurance exchange, is pushing the industry to do better on diversity recruitment with tougher new hiring and disclosure targets for its members.

A third of all new hires should come from ethnic minority backgrounds, the firm has told the insurers and more than 300 brokers that use its marketplace. They’ll also need to collect staff ethnicity data from this year to help Lloyd’s keep track of progress, according to a Sept. 17 statement.

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