Gender ruling
Age charities warn insurance industry signposting will be scrutinised closely
The effectiveness of the industry's signposting service is expected to come under increased scrutiny from age-related charities, following the Home Office decision to exempt financial services from the incoming Equality Act.
Premiums for young female drivers rise as UK average drops
Car insurance premiums for female drivers aged between 17 and 22 rose by 4.8% over the first quarter, bucking a national trend which has seen a drop in the average price quoted for comprehensive car insurance policies.
Wunelli boss cancels telematics discussion amid insurer support
Wunelli chairman Sandy Dunn has announced his decision to abandon an industry seminar exploring the merits of a common standard for telematics data, following "almost unanimous support" from insurers.
Calls for telematics standardisation splits industry opinion
Rival firms raise question marks over Wunelli chairman Sandy Dunn's proposals
Post Blog: Nissan Micras, sexual discrimination and Ramsey Pricing
When I passed my driving test aged 17, the annual car insurance premium for my little one litre Nissan Micra equalled around one third of the total value of the car.
Countdown to ISE: Q&A with guest speaker Kurt Karl
Kurt Karl, managing director, chief economist and head of economic research and consulting at Swiss Reinsurance, will be presenting the session on 'Recent economic challenges and risk management' at Insurance Strategy Europe in Brussels on Wednesday 21…
In Series On Data: Bringing credit to the nation
Credit data is relied on to help decide if customers can repay monthly instalments but, as competition heats up, will insurers consider its use in APR calculations to give them an edge?
How will the ECJ gender ruling impact European insurers?
As the national press continues to probe the impact of the European Court of Justice’s gender ruling on the European consumer, Francesca Nyman asks if European insurers can comply and still retain their competitive edge.
In series - On data: Data driven
Insurers must seize the initiative and make Europe’s mandate to remove gender from premium calculations work for them.
In series - On data: An era of androgyny
With gender set to disappear from the underwriting landscape at the end of 2012, what factors will insurers turn to when accessing risk?
Broker focus - Personal lines: Survival tactics
Embattled personal lines brokers are facing a tough climate with falling incomes and business volumes, but those willing to adapt to the new environment can survive and prosper.
Expert analysis: Gender confusion
European Commission guidelines provide scant clarity on what is, and isn’t, deemed ‘new’, says Mathew Rutter.
EC gender directive guidelines a ‘disappointment’
The European Commission’s guidelines for applying the soon-to-be-implemented gender directive have added clarity but have been labelled a “disappointment”.
Roundtable - Analytics: the true value of quality data
As investment in analytics increases, Post gathered a group of experts to debate the rise in the use of data in all areas of the insurance industry.
European insurers welcome guidelines on ECJ gender ruling
The European Commission’s publication of guidelines on applying the March gender ruling by the European Court of Justice has been welcomed by Europe’s insurers, according to the European insurance and reinsurance federation.
PSTF: Post’s STF last week debated customer engagement and future recruitment
Insurers have been urged to use emerging technologies to change the way they interact with customers, by exploiting the growth in social and telematics data. According to an expert analyst, this will forge a “win win” relationship with consumers who…
Review of the year - General insurance: Regulatory dramas
2011, a year dominated by regulatory and legislative change, could yet prove to be a landmark 12 months for the insurance industry.
Gender ruling poses both 'opportunity and threat'
Deloitte has warned industry leaders that the introduction of rules banning the use of gender as a pricing factor could have a “huge effect” on premiums for a wide range of policies.
Test Achats prompts gender consultation
The government has issued a consultation document on how insurers can use gender as a risk factor in the light of the European Court of Justice Test Achats ruling in March.
Young women could see 11% rise in car premiums due to gender ruling
A study quantifying the economic impact on European consumers of the EU's gender ruling will hit young women hardest, with an 11% rise in car insurance premiums.
Hastings targets young drivers with telematics policy
Hastings Direct is set to launch a telematics-based motor policy for young drivers.
Comment: Understanding the risks
From December 2012, insurance premiums can no longer be based on gender and, as documented in Amy Ellis’ article, a ban on the age proxy looks likely to follow suit. It is not, therefore, inconceivable that a ban on the use of many more insurance proxies…