LONDON (Reuters) – Only one in 5 board members or senior executives at insurance coverage corporations in Britain are ladies, in contrast with greater than half of entry degree employees, the Association of British Insurers mentioned on Monday.
The development of ladies within the British workforce is in focus following the requirement for corporations to publish gender pay hole knowledge by April 2018.
Data from insurer Standard Life (SLA.L) final week confirmed males within the company had been paid on common over 40 % greater than ladies at April 2017, whereas Aviva’s (AV.L) pay hole was almost 30 %, in response to knowledge revealed final month.
Insurers have put the pay hole all the way down to an absence of ladies at senior ranges.
“There is a great determination at the very top of our member firms to tackle this issue,” ABI director normal Huw Evans mentioned in an announcement. Four in 5 insurers have range methods and supply coaching in unconscious bias, the ABI mentioned.
The ABI’s findings got here from knowledge masking greater than 82,000 insurance coverage staff.
Reporting by Carolyn Cohn, enhancing by David Evans