Feeds

Euro court slaps down insurers over gender risks

No more lower premiums for Sheilas

Top three mobile application threats

The European Court of Justice has ruled that insurers should not treat gender as a risk factor when assessing premiums, clearing the way for higher costs for women. And probably men.

A Belgian consumer organisation had brought the case, which centred on exemptions from the EU's anti-discrimination directive that allowed insurance companies to take gender into account when setting premiums.

Thus young men looking for car insurance are generally considered to be boy racers and hit with swingeing premiums, while young women pay much less.

The court declared that the directive was "silent" as to how long the exemptions should last, meaning "Member States which have made use of the option are permitted to allow insurers to apply the unequal treatment without any temporal limitation".

This might have meant they could have lasted indefinitely, so the Court of Justice has now ruled that "in the insurance services sector, the derogation from the general rule of unisex premiums and benefits is invalid with effect from 21 December 2012".

This is expected to mean women will now have to pay more car insurance. However, other forms of insurance will also be affected, with annuities, for example, likely to pay out less to men, who have traditionally gotten better rates on account of their tendency to die earlier. ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.