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.
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
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