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DEI BLUEPRINT PROGRESS UPDATE 2023

Our Diversity, Equity and Inclusion Blueprint has a bold mission statement: We want the insurance and long-term savings industry to be the most diverse, equitable and inclusive sector of the UK economy. 

The Blueprint sets out a range of actions under three themes

Attract Making people from all backgrounds want to work in our sector
Grow Ensuring they can reach their full potential and
Advance Ensure that we transparently measure progress and learn from best practice.


Our commitment to transparency includes reporting regularly on the progress we are making.

This progress report provides updates on our work to support our members over the twelve months since the Blueprint was launched. In each area, we have highlighted issues which have been a focus for our work this year and issues where we want to achieve further progress in 2024 and 2025. We also include case studies from our members and other stakeholders, which we hope will inspire firms in the sector to consider similar actions.

Attract

Progress we have made in 2023:

  • Improved awareness and inclusion for neurodiverse talent

  • Engagement on our industry apprenticeships pledge

Find out more

Grow

Progress we have made in 2023:

  • New signatories for our recommended charters including Women in Finance, Race at Work, and Disability Confident Employer Scheme 

  • Increased mental health support and awareness programmes available to employees in the industry. 

Find out more

Advance

Progress we have made in 2023, including

  • New participating firms for the annual ABI DEI Data collection 

  • Comparing evidence base with industry counterparts 

Find out more

We assess the progress made through our annual DEI data collection. This progress update is based on data from our most recent data collection (2022).

Our 2023 data collection begun in September 2023 – the results of this will be published in 2024. As part of our ongoing commitment to improve transparency and increase engagement, we are pleased that more firms will be participating in the 2023 collection than participated this year.

We also track our progress through engagement with external experts and feedback from our members.

We are committed to constantly updating our knowledge of where more effort is needed to ensure the sector’s priorities are up-to-date. We do this through continuous dialogue with member firms, associate members, and other stakeholders. We also look forward to engaging with our members to respond constructively to the consultations on Diversity and Inclusion from the Financial Conduct Authority and the Prudential Regulation Authority published on September 25th 2023. We agree with the regulator's assessment of the importance of DEI and are confident that the ABI's DEI Blueprint represents a strong framework by which firms can develop their own DEI strategies, as proposed in these consultations.

The Blueprint document sets out the organisations we work with and that our members can consider working with. We are always looking to engage with organisations with particular expertise and representatives of different groups in society, and welcome feedback on our priorities and the progress we have made.