Friday, December 21, 2012

EU auto insurers can no longer use gender to calculate premiums

EU auto insurers can no longer use gender to calculate premiums

The European Union's Gender Directive is officially in effect. Last year, the EU Court of Justice ruled that "differences in insurance pricing based purely on a person's sex are discriminatory." That means that insurance companies can't factor gender into their premium tables, so as of December 21, 2012 the rates that EU residents pay for different types of insurance products will change – the expected trend for car insurance is that women's rates will go up while men's rates go down. The courtroom argument is that the varying rates for men and women are arbitrary.

Autoblog , EU auto insurers can no longer use gender to calculate premiums

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