Men are still paying an average of 25 percent more than women, half a decade after the ruling’s implementation New EU auto insurance rates data revealed that men are consistently paying more for their policies than women. This, despite the fact that the European Union introduced a rule to stop gender price discrimination five years ago. The gender directive was meant to stop insurance companies from automatically charging women better premiums. The EU auto insurance rates regulations had been meant to stop the common practice which was costing men hundreds…
Read MoreTag: eu insurance regulations
Germany balks at EU regulations targeting the insurance industry
Insurance industry shows unease over new risk management regulations The European Union is currently working to introduce new regulations to the insurance industry in an effort to moderate risk and exposure. These rules are meant to impose new risk management standards on large insurance companies in order to mitigate any problems that could be caused by future financial disasters. In Germany, these regulations are being met with resistance as the insurance industry balks at the deadlines imposed by the European Union concerning the implementation of these new regulations. German agency…
Read MoreEU insurance regulations may be put on hold
Insurance regulations may be delayed for up to two years European insurance companies could get a break from the looming insurance regulations that are coming from the European Union. These regulations, which will cause serious changes in the European insurance industry and could push some smaller companies out of business, are currently scheduled to take effect in January, 2014. The insurance regulations put strict capital requirements on insurance companies and have been the source of controversy for some time. Now, a top European insurance regulator is working to have the…
Read More