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Daily Insurance Industry News
Friday 27th of April 2018
March 1, 2011

Women drivers hit by ECJ ruling

by Richard Kilner

Story link: Women drivers hit by ECJ ruling

The European Court of Justice (ECJ) has issued a ruling preventing insurers from charging different motor insurance premiums based on gender, the BBC has reported.

The landmark ruling, which was widely expected, will cost women drivers who, until now, have benefited from being classed as lower risk than male drivers.

The court ruling comes after a challenge by Belgian consumer group Test-Achats which argued that the different costs based on gender were contrary to gender equality and was therefore discriminatory.

The ruling comes into effect from 21 December 2012, to give insurance firms and governments time to adapt.

It has been estimated that the ruling will mean UK insurers will need to raise an extra £1bn in capital.

Open Europe’s Stephen Booth lambasted the unaccountable EU judges, slamming their lack of democratic accountability and the economic cost of their ruling.

 

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