Gender pay gap figures at the Chartered Insurance Institute have fallen in the last year, but the organisation says there is still a "long way to go".
Figures show the overall mean pay gap has dropped to 16.64%, down from 28% in 2017.
This is below the sector average of 29% and its median gender pay gap has fallen from 18% in the year before to 5.65%, the industry body confirmed.
Tali Shlomo, people engagement director of the CII said the organisation was working toward achieving a 0% pay gap.
She added: “The insurance and personal finance sector has a long way to go to close this gap but as the professional body for insurance and personal finance, we are committed to leading by example on this.”
The numbers come after the publication of a report by the CII entitled Mind the Gap, which is based on an analysis of gender pay gap numbers at 199 firms.
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