3rd January 2013

Gender-neutral pricing rules enter into force

After the ruling of the Court of Justice of the European Union, European insurers will have to charge the same prices to women and men for the same insurance products without distinction on the grounds of sex.  The Court of Justice of the European Union decided that different premiums for men and women only on the grounds of sex were incompatible with the principle of unisex pricing included in EU gender equality legislation, and with the EU Charter of Fundamental Rights.

The main fields hit by the decision will be motor insurance, life insurance/annuities and private health insurance. Insurance companies in the EU were obliged to change pricing policies until 21 December 2012 in order to treat male and female customers equally in terms of insurance premiums and benefits.

For more information, click here.

Members of the American Chamber of Commerce in the Czech Republic