I think it’s really a milestone in our business. The EU Court of Justice ruled to end gender-based discrimination in insurance. Finally, insurers have been made to recognized that a woman is no worse than a man! – and consequently, has to pay as much for her motor policy.
(Wait, is it not a discrimination that due to their lower risk profiles insured females will have to basically cover part of the risk produced by insured males? The EU court keeps silence on this)
The next step the EU should take is to put an end to other risk-based kinds of discrimination. Really, why should customers in highlands pay lower residential property premiums than their neighbours in flood-affected areas? And does it make any sense to impose lower life insurance rates on soccer moms as opposed to skydivers, mountaineeers and lion tamers?
Later on, the solution could be extended to the reinsurance industry, as well. This will forever end the soft-hard-soft-hard cycle story, finally making our business absolutely predictable. Ah, what a future...
No comments:
Post a Comment