The Association of British Insurers has called on the industry to "redouble" its efforts to achieve quality of opportunity in the financial services workplace.
The ABI has launched a flexible working campaign, to improve flexible working opportunities which it is hoped will further encourage even more women to apply for senior roles and make the sector a more inclusive place to work for everyone.
This follows progress made in senior level female representation across the insurance and long-term savings industry.
The campaign forms part of the ABI’s new Diversity and Inclusion Strategy, which will drive projects and initiatives in a wide range of areas.
Yvonne Braun, director of long-term savings and protection at the ABI, said: “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.”
As well as the flexible working campaign, the ABI is working with members on improving Black, Asian and minority ethnic diversity and social mobility across the sector.
Last year, the ABI announced that it has signed up to Business in the Community’s Race at Work Charter along with now 35 members, as part of an industry-wide commitment to improving opportunities for Black, Asian and minority ethnic colleagues.
The ABI is also supporting the 10,000 Black Interns programme by encouraging member firms to sign up and provide internships to young Black people in the UK.
Nearly half of ABI members are either a member of, or are working with, an organisation to support social mobility in the workplace.
The ABI aims to bring members together through a Talent and Diversity Network to share news and progress updates.
Last year, the ABI also set out its updated internal inclusion strategy to create a workplace that attracts, nurtures and retains a diverse range of talent, and where all colleagues feel able to bring their whole selves to work.
Anita Boniface is a freelance journalist
The FTAdviser Diversity In Finance Awards 2021 are now open for submissions, from individuals and companies who can demonstrate they have gone the extra mile in 2020 to improve diversity and inclusion and make their businesses better for clients, staff and the wider community.
For more information on the categories visit: FTAdviser Diversity In Finance Awards 2021.