It is two years since organisations in the UK started publishing figures on the on the difference between male and female pay.

The CII has reported that, while the professional body had a gender pay gap of 28% in April 2017, in April 2019 the gap had shrunk to 14.77%.

During the last two years the CII says it has “re-evaluated roles to address the historic unfairness towards part-time workers; trained managers to recognise and overcome the unconscious biases; and encouraged social networks within the organisations to support people as they take on more responsibility”.

Sian Fisher, CEO of the Chartered Insurance Institute, said: “Understanding the scale and nature of the problem and mastering the tools that can help us resolve it means that progress can be – and is being – made.

“I'm very proud that the CII has reduced its own mean gender pay gap.

“I know that we can’t be complacent, that we will always have to be vigilant against bias and continue to monitor and evolve our initiatives to support our colleagues.

“I also know what the insurance profession can achieve when it has a clear target and a reliable method for measuring process.

“I look forward to seeing many firms in our profession making progress in narrowing the gender pay gap.”