(Reuters) – Lloyd & # 39 ;s London wants the commercial insurance market to recruit a third of its staff from ethnic minorities, it said on Friday as it seeks to improve diversity.
Almost 50,000 employees are employed by Lloyd's guarantee and brokerage firms.
At present, only 8% of the market comes from an ethnic minority, according to Lloyds. At Corporation of Lloyd & # 39 ;s, which monitors the market, the figure is 22%.
Lloyd & # 39 ;s said in a statement that its "ambition" was that one third of all new employees would come from ethnic minority backgrounds, at all levels including leadership.
"Almost certainly, quite a few ethnic minorities are not so interested in insurance and not very interested in exploring insurance as a career," Lloyds president Bruce Carnegie-Brown told Reuters.
"Even those who are may not think they are welcome. We need to work in a different way to make ourselves more accessible and interesting."
Lloyd's also said that it would require the collection of ethnicity data in the market. Only 74% of companies currently provide that information.
Lloyd & # 39 ;s has sought to improve its reputation for diversity and inclusion in recent years, after acknowledging that the market had problems with sexual harassment and daytime drinking.