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
- Blog: Need a new CEO? You could do worse than look at your claims manager
- Ageas's François-Xavier Boisseau on fake pricing scandals
- Kanye West settles lawsuit against Lloyd’s syndicates
- Blog: Peer-to-peer insurtech Hey Guevara hints at return with household launch
- Lloyds Bank insurtech and innovation head joins Oxbow as a partner
- Cigna Insurance Services pulls out of travel market
- Hiscox found not guilty in ICO criminal prosecution