Lloyd's publishes its culture dashboard

Lloyd’s has today published its new culture dashboard, as it commits to a raft of other measures, including a new gender-related target and a commitment to achieve parity over the next decade.

As part of its commitments set out in 2019 to make long-term changes to its widely criticised culture, the organisation said it hoped these initiatives would contribute to a more "inclusive environment" in the world's most famous insurance market.

The dashboard, which Lloyd's says will be updated annually, benchmarks the market’s starting point, and will track the whole of Lloyd’s progress towards its goal.

The organisation has also set an interim target of 35% female representation in leadership positions by 31st December 2023. Boards and executive committees combined will be expected to achieve at least 20% female representation by that date. New market entrants will be expected to meet these expectations on arrival. Its ambition is to achieve parity over the next decade.

The Lloyd's Corporation says already 47% of its leadership roles are being filled by women.

John Neal, Lloyd's CEO, said: "Last year, we committed to building a much more inclusive market – one that we are all deeply proud to be part of, and one that welcomes and represents the diversity of our customers globally. In the Corporation, we have achieved parity in less than two years and we are all the better for it. While we have put in place a series of actions to accelerate change, it is abundantly clear that we have much work to do and we must be impatient in our resolve to get there. The Corporation will continue to do more in leading the market on all aspects of inclusion.

Lloyd’s said it will also be running its annual Culture Survey for the second time, in October this year. It will then set about improving the collection of ethnicity data and other characteristics to help it set some targets there for next year.

Readers with very fast broadband may access the dashboard here.

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