Sexual harassment still raging in insurance – report
March 26, 2019 by Paul Lucas
Ouch.
Just when insurance thought it was rebuilding its reputation through events like the Dive In Festival and Insurance Business’s own Women In Insurance events, the industry has been slammed by a damning new report that describes the London insurance market as “the most archaic corner left in global finance.”
The report, published in Bloomberg Businessweek and written by Gavin Finch, points to a “deep-seated culture of sexual harassment” noting “inappropriate remarks to unwanted touching to sexual assault.”
It claims to have spoken to 18 women with more than 300 years of combined insurance experience – one goes as far as to say that “it’s basically a meat market” and that there is an atmosphere of “near-persistent harassment.” One points to a senior manager drunkenly attacking her in a pub and that her employer outlined that it would be a bad decision for her career to make a complaint.
