Gender ruling
Cheap pet insurance under threat by EU Gender Ban after Austrian test case
Four months after gender was banned as a factor in setting premiums for motor insurance, Post understands its remit could soon be extended to impact pet owners.
Gender Directive: Continental drift
The ban on gender as an insurance rating factor has made waves in the UK market but how has it impacted mainland Europe? Francesca Nyman investigates.
Improving Underwriting: The bigger the better
How is the move towards ‘big data’ from external sources helping insurers price risk in the post-Gender Directive environment?
Improving Underwriting: Driving Profits
Can a more sophisticated approach to underwriting help motor insurers finally turn a profit?
Improving Underwriting: The extra mile
The use of geographic intelligence can improve the understanding of risk in the motor insurance space.
View from the Top: There may be trouble ahead
A catalogue of natural disasters in recent times have been pushing our industry’s bottle to the brink, says Peter Hubbard.
Fitch: Drivers’ occupation can help insurers assess risk
Fitch Ratings highlighted that putting more weight on factors other like occupation, now that the gender element is no longer in play, is a “valid and valuable” factor for motor underwriters.
Sheilas’ Wheels Broker enters telematics market
Sheilas’ Wheels Broker has launched Sheilas’ Wheels Model Driver, a telematics product which aims to offer female drivers with a way to save money on their insurance.
Gender Directive: The Sex Factor
As consumers come to terms with gender-neutral pricing, motor insurers continue to sweat over alternative rating factors and rebalanced underwriting models.
Spotlight On: Telematics: On the road to a new era
Has the EU Gender Ruling finally brought telematics to the fore to drive new growth in the motor sector?
Post magazine - 31 January 2013
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Average motor premiums down, says AA
The average motor insurance premiums fell be almost 3% over the final three months of 2012 according to the AA.
Insure The Box launches "girlish" brand
Telematics specialist Insure The Box has launched a new brand, Drive Like a Girl, that it claims can help "young female drivers beat the EU price hike in car insurance" by rewarding young drivers, regardless of gender, who can "prove" they drive safely…
Youngest female motorists hit with 50% premium rise, claims report
Female drivers aged 17 and 18 have seen motor insurance premiums rise by up to 50% since the EU Gender Directive was introduced last month, according to figures uncovered by Uswitch.
"March madness" awaits EU motor insurers
Insurers that fail to embrace telematics in the wake of gender neutral pricing rules will see massive volumes go to more "switched-on" peers, according to Coverbox.
Gender Directive will cause a 'perfect storm' in March
Insurers have to start preparing for the 'perfect storm' the Gender Directive will cause in March this year, according to telematics insurer Coverbox.
Expert analysis: Aggregator assessment - No compare
Price comparison sites have plateaued on motor, with 60% of all private car policies sold via aggregators, as gender ruling hits prices.
MEP says gender ruling "flies in face of common sense"
Marina Yannakoudakis, MEP for London and Conservative Women's Rights spokesman in the European Parliament, has criticised the EU’s gender-neutral pricing rules which took effect on 21 December 2012.
Post Blog: Dealing with the directive
The EU Gender directive comes into force today, but how will insurers and drivers cope with the changes? Jon Byford explains.
Telematics: Revolution on the roads?
Telematics has finally arrived, and most insurers and large brokers announced pilots or launches this year. Yet insurers are still only dipping their toes in the water.
Editor's comment: Paying the price for profitability
As 2012 draws to an end, UK insurance industry debate centres on the one topic most likely to dominate headlines come the new year: profitability pressures in the motor insurance market.
UK motor profits could take fresh hit as reinsurers mitigate exposure to PPOs
The prevalence of periodic payment orders is expected to undermine underwriting profitability in the motor market in 2013, as reinsurers become increasingly reluctant to take on a rising number of variables.
Gender Directive to push up female motor premiums by 38%
Motor insurance premiums for young female drivers are expected to face sharp increases when the European Gender Directive comes into force on Friday, according to research by the British Insurance Brokers' Association.
Gender directive will prompt insurers to make one-off rate increases
The EU ruling prohibiting insurers from setting premiums along gender lines will provide insurers with a one-off opportunity to raise rates, according to Fitch Ratings.