Insurance news from the European Union shows prices will increase for women’s life policies

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When the regulations regarding gender kick in, women will pay more for coverage. Women in Europe who have heard the latest insurance news are rushing to take advantage of the shrinking window of opportunity that is available to them to obtain a life policy for a lower price. When the regulations against using gender as a factor in calculations kick in, women will lose their discount. The main insurance news attention regarding the way that gender will no longer be allowed to calculate premiums has been focused on auto coverage,…

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European insurance stops using gender to determine rates

According to the main insurers’ lobby in Europe, the CEA, a new regulation will be causing european insurance customers to have to pay up to 30 percent more for their coverage. The regulation stops insurance companies from being able to charge different rates for men and women, and it will come into effect in 2012. On average, women will face the largest increases. According to the CEA, which was discussing the findings of research commissioned by the GDV, a German insurance industry association, women will on average be paying 30…

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Women may not have enough knowledge about their life insurance policies, says MetLife

A new study from MetLife Insurance shows that working women may not be as knowledgeable about their life insurance policies as they should be. The study, titled MetLife 2011 Insurance Literacy Study, finds that 45% of working women have not taken a second look at their insurance needs since obtaining their first life insurance policy. This could leave their families at financial risk should the unexpected happen. Researchers with MetLife say that more steps should be taken to educate consumers on how their needs change over time and the importance…

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