The Actuarial Mentoring Programme (AMP) has launched its second year of providing support and guidance to female professionals with an 80% increase in participating organisations.
The programme has welcomed a further 84 female actuaries, including senior managers at supporting organisations, this year.
The women have been matched with a more senior male or female leader from another organisation and will be mentored for nine months with the aim to develop talent pipelines.
The AMP, which is supported by the Institute and Faculty of Actuaries (IFoA), is designed to improve diversity at senior levels by helping retain female actuaries for longer.
Employers who are participating for a second year are Aviva, the Government Actuary's Department, Lane Clark & Peacock, Phoenix, the Prudential Regulation Authority, XPS Pensions and Pension Insurance Corporation (PIC).
Meanwhile, those joining for the first time are Axis Capital, Bupa, Hodge, Just Group, KPMG, LV=, Lloyds Banking Group, Spence and Partners, and Zurich.
Also showing support for the scheme is Treasury Select Committee chairwoman Nicky Morgan. The MP, who was previously both education secretary and minister for women and equalities, said: "It is great to see so many senior champions advocating mentoring and diversity. We know there is still a lack of diversity at the top of the financial services sector, including the actuarial profession."
IFoA diversity advisory group chairwoman Chika Aghadiuno said: "As the scheme enters its second year, it's clear that there is a demand for this kind of support as female actuaries navigate their career path.
"We know that both mentors and mentees benefit from this process and we are excited to see the progress of all those taking part in this year's AMP."
The scheme is being sponsored by PIC and is being run and managed by the mentoring, diversity and inclusion organisation, Moving Ahead.
Moving Ahead chief executive and founder Liz Dimmock added: "Structured mentoring schemes help retain female talent by developing confidence and creativity. They provide the time, space and conditions for women to invest in themselves."
She continued: "We're delighted that the actuarial profession has recognised the value of AMP and that, together, we'll be enabling even more talented women to shine this year."
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