Life - Articles - Process for dealing with gender neutral pricing confirmed


Bright Grey & Scottish Provident confirm process for dealing with gender neutral pricing

 "With six months to go until the European Court of Justice (ECJ) gender directive is implemented, plans are well underway at Bright Grey and Scottish Provident to move towards gender neutral pricing by the 21 December 2012 deadline.

 "Bright Grey has a dedicated section, including FAQs on www.brightadviser.co.uk/news-and-views/hot-topic/gender-directive/

 and Scottish Provident has set up a dedicated website at www.nextlevelportal.co.uk/gender-directive . These will remind advisers of the deadline to ‘G-Day' and give marketing support to help them explain the impact to their clients, making our strategy for managing business clear as well as continuing to promote the opportunities involved.

 "However, we are confident the gender directive will not affect our underwriting in any way. Policies must have started by 20 December 2012 to qualify for gender differentiated rates, so we will not offer our usual pipeline process. We are testing our systems before putting together a definitive plan for cases in pipeline on 21 December 2012 and will let you know more about this nearer the time. In the meantime advisers should look out for updates on the gender directive part of our websites.

 "One thing which we can't do, for competitive reasons, is to give advance examples of what prices will be after G-Day. It is worth reiterating that we hope women, in particular, take advantage of our current pricing plans before the gender directive comes into force."

 You can watch Roger Edwards and journalist Holly Thomas talking about the gender directive and its impact in this short video -

 www.uncovered-uk.com/2012/06/19/two-minute-gender-directive-video/

Back to Index


Similar News to this Story

IPT receipts hit over GBP1 billion in November 2024
According to this morning’s HMRC data, Insurance Premium Tax (IPT) receipts reached £1.2 billion in November 2024, bringing the eight-month 2024/25 to
Healthy life expectancy data hint at post pandemic recovery
New figures published last week by ONS show Healthy Life Expectancy for younger age groups is lower than a decade ago although older ages have seen a
Treatments through PMI hit record in first half of the year
Over seven in 10 of all private health treatments are now being funded via PMI. Record H1 in 2024 for PMI-funded health admissions as employers expand

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.