DIVE IN FESTIVAL ///// 15
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“To keep progressing,
and to know we
are going in the
right direction,
we must focus on
measurement.”
At an organisational level, dedicated resources, funding and senior
sponsorship have been introduced to carry the focus through the
year, and they are often responsible for the initiatives coming out of
the market.
HOW FAR CAN WE GO?
Progress has been made, but the next question is where and how far
can we go?
The answer lies in data. Organisations have repeatedly come across
the stumbling block of measurement, wanting to show the impact
their positive initiatives have had, yet lacking the appropriate data to
prove it.
To help organisations overcome this, Inclusion@Lloyd’s has
released the Data Collection toolkit (https://inclusionatlloyds.com/
wp-content/uploads/Lloyds_Data-Collection-report-FINAL.pdf), a
guide to collecting data on workforce composition, presenting the
business case for doing so. Monitoring the diversity of the workforce
is crucial in understanding not only who is in the organisation now,
but also what groups of people and diverse perspectives you might be
missing out on.
This data creates a benchmark against which effectiveness can be
properly measured and it can highlight the gaps or issues that can be
addressed before they become problems.
To keep progressing, and to know we are going in the right
direction, we must focus on measurement. Educating organisations
and employees on the importance of collecting (and giving) important
D&I data is the key to unlocking the next stage of progress for D&I in
insurance. Once that door is opened, who knows how far we can go? ■
To find out more about the Dive In Festival visit
https://diveinfestival.com/
Dive In is an initiative of Inclusion@Lloyd’s, the group that
provides D&I strategy, governance and practical support across
the Lloyd’s market. www.inclusionatlloyds.com
www.intelligentinsurer.com Diversity and Inclusion Report 2019