Anna Diamantopoulou: Sex Shouldn’t BeTaken Into Account in Insurance
In August controversial European social affairs commissioner managed to raise one of her patented controversies by telling the BBC that insurance companies should be barred from using sex as a factor in setting insurance premiums and benefits.
Women tend to pay more for insurance when they are young, for example, because of higher costs associated with pregnancy, but is cheaper than men’s later in life. Annuities paid to women are lower than men’s because women tend to live significantly longer than men. And women tend to pay lower insurance premiums than men because they tend to drive fewer miles.
Diamantopoulou would apparently change all that and simply ban insurance companies from taking sex into account. Of course all this would do would lead insurance companies to charge higher rates to everyone, but that prospect doesn’t seem to bother Diamantopoulou.
Sources:
Ban urged on ’sexist’ insurance. The BBC, August 7, 203.
Equal Time. Amanda Ripley, The BBC, September 22, 2003.
The Anna Diamantopoulou: Sex Shouldn’t BeTaken Into Account in Insurance by Brian Carnell, unless otherwise expressly stated, is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 License.
Tags: Anna Diamantopoulou
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