Gender ruling
Comprehensive car premiums dropped 12.5% in 2013
Research finds average third party, fire and theft cover down 7.5% in 12 months.
Average car insurance price difference between sexes just £27
The average car insurance price difference between men and women is now only £27.
Telematics broker Girls Drive Better to launch in July
A new telematics-based broker Girls Drive Better will launch on July 1 following a pilot.
Young women drivers impacted by EU gender directive
Women drivers aged between 17 and 20 saw motor premiums increase by an average of 16.4% between September and December 2012.
Brokers told to tackle fraud to stay ahead of competition
Industry wide solution needed in the fight against fraud
Reportage: Personal crisis?
The threats and opportunities in motor and household lines will be best dealt with by brokers able to evolve in 2013. Edward Murray investigates
Gender Directive to hit motor market profitability
The ECJ Gender Directive, which comes into force on 21 December, could reduce the overall profitability of the UK motor insurance market by 2% next year, experts have warned.
Reportage: Merry Christmas?
It’s been a busy and a tough year for many brokers, but the industry has risen to the challenges and is ready to face big changes on the horizon for next year. Edward Murray reports
BGL simplifies rate change processes ahead of EU gender ban
The BGL Group has made amendments to its rate change process in response to the European Court of Justice’s gender ruling which comes into force on 21 December.
Young women drivers face premium hikes of 25% in 2013 warns AA
Average motor premiums fell in the first quarter of 2012 but rose for young women drivers, according to figures from the AA.
Labour would force insurers to offer telematics
Insurers could be forced to offer telematics to potential clients under a new proposal from Shadow transport minister, John Woodcock.
APPG calls for more guidance on EU gender ban
Concerns over the implementation of the gender ban in insurance pricing have been raised by the All Party Parliamentary Group (APPG) on Insurance and Financial Services at a recent meeting.
MEP objects to ECJ gender ban
Marina Yannakoudakis, a Conservative MEP, has raised objections to the European Court of Justice's (ECJ) ruling banning insurers from using gender to rate risks.
Insurance achieves gender equality on junior exec pay
The Chartered Management Institute (CMI) has claimed that equal pay is now a reality for female and male executives working in the insurance sector but only at a junior level.
ECJ ruling will only apply to new contracts
The Treasury has confirmed the ban on the use of gender in underwriting will not affect policies taken out before 21 December 2012.
Motor cover for the young to average £3,600 in 2013 says Mazars
Accountancy firm Mazars has predicted motor insurance increases of at least 50% over the next two years for young drivers, taking their typical motor premium up to £3,600.
Motoring along
Insurers need to think carefully before introducing private car profit sharing, explains Tony Cornell.
Your opinions: follow on LinkedIn
LinkedIn discussion in response to “What does everyone think about the ECJ ruling on gender? Will age be next?”
Concern over risk indicators in wake of ECJ gender ruling
The European Court of Justice’s (ECJ) decision to ban insurers from discriminating against gender has raised fears that other risk indicators, such as age, will also be taken into consideration.
Admiral enters ECJ debate
Henry Engelhardt, chief executive officer at Admiral, has predicted an increase in rates for younger women following the ruling by the European Court of Justice describing a lowering of rates for men as insurance hara-kiri.
Insurance Age blog: Has equality gone mad?
To say that the European Court of Justice's decision to no longer allow insurance companies to use gender in the calculations of premiums has been met with criticism would certainly be the understatement of the week.