Insurers pledge to improve female financial futures

Michael Lloyd

November 20, 2019

Insurers have committed to offer flexible working and develop inclusive practices in a move to improve women’s financial futures.

AIG, AXA, Beazley/London Market Group, Scottish Widows, Swiss Re, Vitality and Zurich have signed the Insuring Women’s Futures flexible working pledge.

This is a commitment to ensure that at every point where employees make a change to their working arrangements they will be prompted to consider the immediate and long-term financial impact.

Sian Fisher, chief executive of the Chartered Insurance Institute, said: “Proactive approaches to better inform customers, and to improve inclusive customer approaches within the profession will improve customer outcomes for all and society’s trust in insurance, personal finance and wider financial services.

“Policymakers and regulators are increasingly holding financial services firms to account regarding their responsibility for customer outcomes.

“By signing up to these Insuring Women’s Futures pledges the profession is supporting improving women’s financial futures.”

The listed firms have also committed to the inclusive customer financial lives pledge.

The pledge is a commitment to reviewing and changing their practices to ensure women are made aware of the best outcome relating to their life circumstances.

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