Culture is one of the four core strategic priorities at Lloyd’s. Building a more diverse, inclusive and high performing marketplace is an essential part of Lloyd’s purpose: sharing risk to create a braver world.
The return from Lloyd’s fourth Market Policies & Practices (MP&P) annual survey, designed to understand the workforce composition, policies and practices of firms who operate at Lloyd’s, has revealed further progress across the market: including increased representation of women in leadership positions and advances in Lloyd’s ethnic minority hiring commitment. The return has also demonstrated a boost in diversity data collected across the market, with a sizeable increase in ethnicity reporting.
Culture change in the Lloyd’s market is an ongoing process, and there remains much more work to do; yet the market’s collective, persistent focus on improving representation in key groups is driving welcome and encouraging progress.