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Black and Minority Ethnic Inclusion

This page details the steps the insurance and long-term savings industry is taking to improve Black and Minority Ethnic diversity and inclusion. 

In response to the global Black Lives Matter movement, our sector has put Black and Minority Ethnic inclusion front and centre and continues to build on progress made so far. The ABI is working with its members, and reviewing its policies as an employer, to build a modern and diverse industry.

Race at Work

The ABI and 32 of its members are amongst the first wave of insurance and long-term savings firms signed up to Business in the Community’s Race at Work Charter, as part of an industry wide commitment to improving opportunities for Black, Asian and minority ethnic colleagues.

Race at Work Charter signatory Logo

The Race at Work Charter is designed to drive better outcomes for Black, Asian and minority ethnic employees in the workplace. It consists of five principles to ensure organisations address the barriers to recruitment and progression. Organisations that sign up to the Charter commit to:

  • Appointing an Executive Sponsor for race
  • Capturing data and publicising progress
  • Ensuring zero tolerance of harassment and bullying
  • Making equality in the workplace the responsibility of all leaders and managers
  • Taking action that supports ethnic minority career progression

Sandra Kerr “Signing the Race at Work Charter is not just a promise to act within your own organisation. It is also a recognition that you are part of something bigger: diversity and inclusion is not defined by a logo. Today, we can see that in action as companies across the insurance sector unite in their determination to create fairer work environments so that black, Asian and ethnic minority talent can know that they belong and that they can progress and thrive.”

Sandra Kerr, Race Director, Business in the Community

ABI members who have signed up to the Race at Work Charter include:

Admiral Group plc Ageas Insurance Allianz Insurance Plc
Assurant AVIVA AXA UK & Ireland
BlackRock BNP Paribas UK CIB Bupa Global & UK
Canada Life Limited Chubb Covea Insurance
Direct Line Group Fidelity International Hiscox
HSBC UK Invesco J.P. Morgan
Just Group plc Lloyds Banking Group LV= General Insurance
M&G PLC Phoenix Group Royal London Group
RSA Insurance plc Schroders Standard Life Aberdeen
UBS Unum Vitality
Zurich Insurance UK Wesleyan Assurance Society  

An employee’s perspective

Vanessa Ijeoma, Diversity & Inclusion Team Assistant, has written a blog exploring the recent Black Lives Matter movement, what it means for her, and what it means for the insurance sector. Take a look here.

A Time for Change

On Friday 9 October, we hosted a Diversity Summit looking at improving ethnic diversity in the insurance and long-term savings sector. It considered what members are already doing in this space and explored what more can be done in terms of recruitment, but also retention and creating inclusive cultures. It touched on the importance of employee engagement, networks and the use of data to monitor progress over time. You can watch the event again here.

The event Chair and former ABI employee, Daniella Jenkins, wrote this blog outlining five opportunities open to the insurance industry to make diversity part of the way that it does business. You can also read the reflections of one of our panellists, Rose St Louis – a Director at KPMG – in her post-event blog here

Find out what else is happening in the insurance industry

ICAN, the Insurance Cultural Awareness Network, is a network of insurance professionals dedicated to increasing diversity. You can find more information about ICAN’s events, newsletters and resources on their website: https://www.i-can.me/ican

Future Leaders

Future Leaders, the ABI’s award-winning executive development programme ensures a pipeline of diverse talent in the insurance and long-term savings industry. We are committed to delivering a programme that represents the customers and society we serve - in 2019, for example, we had more women than men on the programme. Go to our dedicated Future Leaders section to find out more.