New rating factors needed after European gender ban – Insurance News Now – 2 March 2011

2011-03-02-post-inn-bulletin-final-4

Post news editor Mairi MacDonald outlines this week’s major general insurance stories including what the ECJ’s ruling that a person’s gender can no longer be used to calculate insurance premiums or annuity rates will mean for insurers.

The ruling comes into effect in December 2012.

In other news, AA Insurance has set out its strategy to expand its commercial insurance offering by tapping into the group's customer base across its many different trading channels; RBSI CEO Paul Geddes has revealed that if the insurer decides to float in 2012, it will probably be done in a number of tranches; Allianz is set to apply rate increases of up to 10% on its commercial and retail books to return to profitability; and Hiscox chairman Robert Hiscox has said that the Lloyd's insurer is looking for underwriting opportunities arising from the political unrest in the Middle East and North Africa.

Keep up to date with all the latest insurance news as it breaks at postonline.co.uk

 

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Tracey has 16 years publishing experiencing across many platforms.

She joined Incisive Media's Insurance Division from Datateam Business Publishing in 2009, and following stints as a sub-editor online and managing editor online for the company's insurance brands, she has taken on the role of product manager within the insurance division and is tasked with ensuring an excellent user experience and looking for new ways to take our content to market. Let her know what you think @insurancetracey

 

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