DEC/JAN 2016/17 - Insurance News (the magazine)

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INMAG DEC 16_page layouts 1/12/2016 6:07 pm Page 14

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generation, or the generation of future leaders? How can we make sure that the insurance sector is attractive enough for them? “I think the success of the DiveIn Festival, which went global this year in 16 different cities on four continents, is pretty amazing. “The amount of support from all the businesses in the various cities shows that people are taking it seriously.� Ms Beale says such a profound change in the make-up of the workforce at all levels of the industry won’t happen overnight, and it will need constant reinforcement. Preferring job candidates who are most like you is instinctive, and “we all have to force ourselves to understand that�. “I remember when I was an underwriter in the ’90s in London, and one day I looked around at my team of underwriters and realised I had five women working with me,� she says. “How did I end up with five women? I insuranceNEWS

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didn’t consciously seek them out, but obviously there was an unconscious element that made me hire people who I knew I would get on with. “So all of us have a duty to call ourselves out and make sure we’re seeking out the diverse range of people who are out there. Because if you all think the same, you’re going to be less successful in business.� The lesson is a vital one for Lloyd’s, she says, because the market’s access around the world is rapidly increasing. “We are focused on a few particular markets. We’ve seen great success in China, for example. “Last year we got another insurance licence in China, so that was a huge positive signal that we are doing the right thing there. “We’ve got a licence application going through Malaysia right now. We’re opening up in India next year. We opened up in Dubai last year.� Dubai will be Lloyd’s regional hub, --Ms Beale says.

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