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European Court of Justice ruling on insurance

opinion guy · 2011-03-01 13:10:54

http://www.bbc.co.uk/news/business-12606610 Brilliant decision if you ask me. I've never trusted the insurance industries stats on all of this anyhow

01-03-2011 1:10pm

#1

opinion guy

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http://www.bbc.co.uk/news/business-12606610

BBC wrote:

Insurance premiums to change after ECJ gender ruling

Insurers cannot charge different premiums to men and women because of their gender, the European Court of Justice (ECJ) has ruled.

The decision means that women can no longer be charged lower car insurance premiums than men, and the cost of buying a pensions annuity will change.
The court was ruling on a challenge by a Belgian consumer group Test-Achats.
It had argued that a current exemption for insurers contradicted the wider European principle of gender equality.
"Taking the gender of the insured individual into account as a risk factor in insurance contracts constitutes discrimination," the ECJ said.
The requirement for unisex insurance premium and benefits will start on 21 December 2012, giving national governments and the European insurance industry time to adjust.

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Brilliant decision if you ask me. I've never trusted the insurance industries stats on all of this anyhow

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