Young women drivers buying car insurance and any man considering retirement will get a worse deal from the end of next year, following a ruling prohibiting the use of gender in insurance underwriting.
The ruling, by the European court of justice, means insurers will no longer be able to use sex as a factor to determine whether someone represents a bigger risk in insurance terms, even though historical evidence shows that being male or female has a bearing on frequency and size of claims.
Maggie Craig, acting director general for the Association of British Insurers, said: "This gender ban is disappointing news for UK consumers and something the UK insurance industry has fought against for the last decade. The judgment ignores the fact that taking a person's gender into account, where relevant to the risk, enables men and women alike to get a more accurate price for their insurance."
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http://www.guardian.co.uk/money/2011/mar/01/ecj-gender-ruling-insurance-costs
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