Membership of the Company is open to those eligible for membership of the Chartered Insurance Institute and is thus open to those engaged in the widest sense in the business of insurance. Whilst the current number of our Liverymen is limited to 450 (increased from the previous limit of 400 in 2018), we are currently able to accommodate new Freemen.
From the outset, it was the aim of the Company to secure the participation and support of senior leaders in our profession and to develop a broad and balanced membership from the different sectors of the industry (insurers - both life and non-life, whether in London or across the UK - Lloyd’s and London market, brokers, loss adjusters, lawyers, actuaries and consultants). In recent years, we have worked hard to broaden our membership to be truly representative of the diversity of talent in our industry in terms of gender, age, race, sexual orientation and other attributes. We want the unique Fellowship of our Company to create a sense of genuine belonging and inclusion for all our members.
From its foundation, the Company has been closely associated with and fully supportive of the goals of the Chartered Insurance Institute to ensure professionalism and the highest standards of practice in the business of insurance. The Livery seeks to promote standards of honourable practice and ethical behaviour and, indeed, in earlier years supported the development of what is now the Code of Ethics for the insurance profession, published by the Chartered Insurance Institute. We also developed a Dignity Policy in early 2019 to make clear the standard of conduct and behaviour we expect to ensure that all our members and guests can have a strong sense of belonging and are treated with respect.
Allied to these serious purposes, the Livery also seeks to provide opportunities for our members to enjoy warm fellowship together and be able to share ideas on best practice and new innovations within our profession, the UK Insurance industry, the London International Insurance Market and the City of London - to enable us all to continue in the important roles we play to develop effective risk management and mitigation of the most challenging risks facing people and businesses in the world today.