Tag: eu insurance industry

Insurance news in the E.U. shows consumers preparing for G-Day

Julie Campbell
Insurance News Profits

Starting in December, the massive upheaval in premiums will kick in as gender is no longer a coverage factor. The insurance news that will rock the European Union next month will explode as policyholders open their bills and discover that the premiums that they had previously been quoted will experience a notable difference. A European Court of Justice ruling has said that gender cannot be used to calculate premiums. This means that insurers will no longer be able to take into account whether a customer is a man or woman…

Read More

Euro crisis may be worse than the economic recession of 2008, say insurers

S.Vagus

The European financial crisis is showing no sign of slowing down as the European Union continues to look for ways to stop what may soon become the world’s most catastrophic financial calamity. EU regulators have turned to the insurance industry to help find a solution to the crisis, but insurers have been leery of lending any aid, as the countries involved in the crisis are exposed to massive risk. The European Insurance and Occupational Pension Authority has released a statement regarding the crisis, calling it worse than the economic disaster…

Read More