The Bank of England is pushing insurance companies to improve their corporate culture as cases of sexual harassment and bullying plague the industry.

In a letter to chief executives of general insurance companies, the PRA’s acting director of insurance supervision, Gareth Truran said “Instances of non‐financial misconduct could speak to personal integrity and may have implications for our view of the fitness and propriety of individuals within our senior managers and certification regime.”

This is unprecedented for this sector, as conduct will directly impact the employment of all individuals in the insurance space.

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