Gravitas Collaborates with Lloyds of London on its Social Mobility Initiative to Bridge Recruitment Gap in the Insurance Market

Gravitas Recruitment’s recent DEI initiative with the world’s leading insurance market is another step in its mission to match deserving talents with the right jobs.

LONDON — Studies have shown that in many parts of the world, diversity is a key consideration for 85% of job hunters seeking employment opportunities. With international offices in the UK, Hong Kong, Singapore, the Netherlands and Germany, Gravitas Recruitment is well-placed to extend its services through its social mobility strategy.

Gravitas Recruitment provides specialist recruitment services for employers to address shortages in niche areas, namely, technology and insurance. The company has long sought more opportunities to tackle social mobility within the insurance market. As part of its Diversity, Equity & Inclusion (DEI) initiative, Gravitas is collaborating with Lloyds of London to empower students through its social mobility programme to bridge the gap in the insurance market.

A recent report by KPMG and the Association of British Insurers (ABI) revealed that insurance CEOs believe DEI progress should be accelerated, with 78% agreeing to take more responsibility in driving greater social mobility in their organisations. With a growing recognition in the insurance sector that diversity, equity and inclusion are vital for success, achieving these goals begins by providing opportunities at the grassroots level.

DEI strategies can help enable diverse ideas and perspectives within a team that can lead to breakthroughs in creativity, increase productivity and deepen customer relationships. Studies have revealed that organisations possessing diverse leadership teams generated 19% more revenue, while at the executive team level, 35% are more likely to outperform their industry peers financially. Statistics show that inclusive companies are 1.7 times more likely to be leaders in innovation within their respective markets.

For more information, visit https://www.gravitasgroup.co.uk/blog/2023/09/empowering-lower-socioeconomic-students-bridging-the-gap-in-the-insurance-market

Gravitas Recruitment also pledges to improve social mobility for students in their application processes through positive action and reducing bias.

According to Rupa Pithiya, Head of Insurance and Actuarial, breaking down barriers and offering valuable insights to students from diverse socioeconomic backgrounds are crucial steps towards promoting equity and inclusivity in the insurance industry.

“By addressing the challenges faced by these students and offering them access to information and resources, we can help create a more diverse and representative workforce that reflects the broader population for future generations. As a DEI champion for Gravitas and the insurance market, I recently partnered with the world’s leading insurance and reinsurance corporate body, Lloyds of London, to promote their DEI plan,” said Pithiya.

As part of the initiative, Pithiya organised a series of regular Lloyd’s tours for talented sixth-form students in their penultimate year who would otherwise have never considered a career in the insurance industry. Helping them decide on the ideal school leaver programme, apprenticeship degrees, or subjects at university would be crucial to stepping into the insurance world.

The collaboration between Gravitas Recruitment and Lloyd’s of London is a step in the right direction, leveraging Gravitas’ networks and knowledge in recruitment and the latter’s reputation as an industry leader. With both parties renowned for their integrity and passion for nurturing talents, this initiative ensures students from all backgrounds can benefit through the companies’ initiative.