The Anatomy of Insurance Anti-Discrimination Laws

The European Insurance Industry: A PEST Analysis

“…It also results in ongoing public debates, questioning the right of life insurers and pension schemes to be exempted from such legislation, as well as to what extent insurers have in limiting the ability to discriminate in their underwriting (Avraham et al 2013). In fact, as from 21st December 2012, insurance companies in the EU had to charge the same prices to men and women for the same insurance products, enabling gender-neutral pricing across EU countries.…”

Regulating Big Data effects in the European insurance market

“…This means that it applies to all sellers of insurance products, including insurance undertakings that sell directly to customers: currently, the IMD applies to insurance intermediaries only. However, in order to level the market between direct and intermediated sales, the new directive applies to all sellers of insurance products including those that sell directly to customers 5 …”

“…But a statistical discrimination may have some implications that can be seen as contrary to the general principles established to protect individual freedom (Avraham et al, 2014). …”

The European Insurance Industry: A PEST analysis

“…It also results in ongoing public debates, questioning the right of life insurers and pension schemes to be exempted from such legislation, as well as to what extent insurers have in limiting the ability to discriminate in their underwriting [50]. In fact, as from 21st December 2012, insurance companies in the EU had to charge the same prices to men and women for the same insurance products, enabling gender-neutral pricing across EU countries.…”