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2012 Insurance Pricing Post Gender Ruling

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					    2012 Insurance Pricing Post Gender Ruling

    On the 1st of March 2011 the European Court of Justice ruled that 'the practice of using
    gender as a factor in the calculation of premiums and benefits must cease, with effect from
    21 December 2012, based on the fact that in principle, women and men should have equal
    access and supply of goods and services

    Within the existing practice, young male drivers are charged more for their insurance
    premiums than young female drivers, due to the fact that statistically young male drivers
    are at a greater risk of accident and consequent insurance claim.

    Age and postcode are the most important factors in motor insurance pricing, followed by
    vehicle model and claims history, gender and vehicle age. Other ways of pricing motor
    insurance based on driver behavior are emerging, with the rise of telematics

    This report analyzes the implications of the EU gender ruling for the UK general insurance
    industry, focusing in particular on UK's private motor insurance market. It provides
    thorough analysis of the currently used pricing factors and outlines the impact of future
    changes post December 2012

    Features and benefits


   Find out about the weighting of the pricing factors currently used in motor insurance pricing
   Assess the impact of different pricing factors in relation to gender
   Gain insight into how motor insurance pricing is likely to be shaped in the future and
    discover new trends

    Request a Sample for or Inquire before buying the report @
    http://www.reportsnreports.com/reports/157583-2012-insurance-pricing-post-
    gender-ruling.html




    Major points covered in Table of Contents of this report include:

    OVERVIEW

    EXECUTIVE SUMMARY

    MARKET CONTEXT

    REWEIGHING OTHER PRICING FACTORS

    RECOMMENDATIONS AND FUTURE FOCUS
APPENDIX

List of Tables

List of Figures



Browse Reports related to Banking and Financial Services @
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Report Details:
Published: April 2012
No. of Pages: 58
Price: Single User License – US$3450            Corporate User License – US$8625




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Description: Gain insight into how motor insurance pricing is likely to be shaped in the future and discover new trends