Europe
New rating factors needed after European gender ban – Insurance News Now – 2 March 2011
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.
Admiral UK profit rises to £276m
Admiral has reported group profit before tax increased 23% at £266m (2009: £216m) while turnover (defined as total premiums written including co-insurers’ share and other revenue) rose 47% to £1.58bn (2009: £1.08bn).
Admiral UK profit rises to £276m
Admiral has reported group profit before tax increased 23% at £266m (2009: £216m) while turnover (defined as total premiums written including co-insurers’ share and other revenue) rose 47% to £1.58bn (2009: £1.08bn).
At face value gender decision “seems sensible”
Commenting on today’s decision in the European Court of Justice, James Gilmour, product manager business insurance at Simply Business, said that in general, commercial insurers do not consider gender when they are pricing business insurance.
At face value gender decision “seems sensible”
Commenting on today’s decision in the European Court of Justice, James Gilmour, product manager business insurance at Simply Business, said that in general, commercial insurers do not consider gender when they are pricing business insurance.
Larger insurers could benefit from gender ruling claims Towers Watson
Today's European Court of Justice gender ruling could ultimately favour larger insurers with greater resources.
Larger insurers could benefit from gender ruling claims Towers Watson
Today's European Court of Justice gender ruling could ultimately favour larger insurers with greater resources.
Gender ruling could give rise to further legal challenges, law firm warns
Today's ruling on gender being used for insurance purposes could trigger a spate of further litigation according to one actuarial firm.
Gender ruling could give rise to further legal challenges, law firm warns
Today's ruling on gender being used for insurance purposes could trigger a spate of further litigation according to one actuarial firm.
PWC predicts increase in pay-as-you-drive in wake of gender ruling
Today's European Court of Justice ruling that from 21 December 2012 insurers will no longer be able to charge different insurance premiums to men and women because of their gender, could lead to a steep uptake in pay-as-you-drive schemes.
PWC predicts increase in pay-as-you-drive in wake of gender ruling
Today's European Court of Justice ruling that from 21 December 2012 insurers will no longer be able to charge different insurance premiums to men and women because of their gender, could lead to a steep uptake in pay-as-you-drive schemes.
Insurers could turn to equally divisive pricing factors after gender ban
Today's ruling that prevents insurers from pricing risk by reference to data that distinguishes specifically between men and women seems to put European insurers at a disadvantage to others who will not be required by law to take a blinkered view of…
Insurers could turn to equally divisive pricing factors after gender ban
Today's ruling that prevents insurers from pricing risk by reference to data that distinguishes specifically between men and women seems to put European insurers at a disadvantage to others who will not be required by law to take a blinkered view of…
ECJ decision a gender tax on women claims Confused
The outcome of the European court of Justice ruling is effectively a gender tax on women.
ECJ decision a gender tax on women claims Confused
The outcome of the European court of Justice ruling is effectively a gender tax on women.
Fitch: Gender ruling may expose insurers to more aggregator fraud
Fitch expects most insurers will be able to cope with the changes which will be brought about by the European Court of Justice ruling preventing insurers from charging different rates for insurance based on gender.
Fitch: Gender ruling may expose insurers to more aggregator fraud
Fitch expects most insurers will be able to cope with the changes which will be brought about by the European Court of Justice ruling preventing insurers from charging different rates for insurance based on gender.
CEA “deeply disappointed” by ECJ gender-ruling
The CEA, the European insurance and reinsurance federation, is deeply disappointed by today’s judgement by the European Court of Justice (ECJ) that the provision enabling EU insurers to use actuarial and statistical factors based on sex in their risk…
CEA “deeply disappointed” by ECJ gender-ruling
The CEA, the European insurance and reinsurance federation, is deeply disappointed by today’s judgement by the European Court of Justice (ECJ) that the provision enabling EU insurers to use actuarial and statistical factors based on sex in their risk…
Metaskil welcomes gender decision
Ian Faulkner, managing director at Metaskil has welcomed the European Court of Justice ruling making it illegal to take gender into account when fixing insurance premiums.
Metaskil welcomes gender decision
Ian Faulkner, managing director at Metaskil has welcomed the European Court of Justice ruling making it illegal to take gender into account when fixing insurance premiums.
Ageas “disappointed” in gender directive decision
Commenting on the European Court of Justice ruling on the gender Directive, Ageas said it is disappointed that the European Court has ruled that differential insurance pricing based on statistical gender differences will no longer be permitted from…
Ageas “disappointed” in gender directive decision
Commenting on the European Court of Justice ruling on the gender Directive, Ageas said it is disappointed that the European Court has ruled that differential insurance pricing based on statistical gender differences will no longer be permitted from…
ECJ insurance pricing decision is "a pragmatic compromise”
Mathew Rutter, financial service partner at national commercial law firm Beachcroft said that whether one agrees with the ruling or not, at least the court has given the insurance industry time to adapt.