London-based specialty insurance broker and underwriting firm Direct Insurance Group has committed to a permanent remote-working policy for all staff following the coronavirus lockdown according to an official announcement.
This makes it the first insurance firm to formally commit to such a policy.
“I am excited and delighted to be the first insurance company to formally announce this. Embracing remote working permanently is primarily about the wellbeing of our staff and we have seen how effective ‘working-from-home’ can be,” said Direct Insurance Group CEO David Bearman.
The firm will remain headquartered in London and continue to maintain its eight offices located in UK, Europe and North America.
However from the end of the UK lockdown, staff will have the choice to work from the office, their home or a combination of both – based on business and personal needs.
According to Mr Bearman, staff saved money and countless hours by skipping the daily commute over the last nine weeks of lockdown. The time saved is instead being spent learning, innovating, exercising, connecting and collaborating.
During this period, the firm also saw a 26% increase in enquiries since it started remote working in mid-March.
Noting that COVID-19 has changed the way of living and working, Mr Bearman said his firm is embracing this change to improve the wellbeing of staff.
“There is very little reason to return to the way things used to be before the outbreak. Whichever way you look at it is clear that this is the way forward and I have no doubt other insurance companies will soon follow suit,” he said.