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

Dental bills hurt as much as the treatment for over 50s
A visit to the dentist can mean both physical and financial pain, especially if you’re over 50. A Saga Health Insurance poll has found that,
New model projects mortality improvement will decline
Although U.S. population mortality has shown significant improvement over the past three decades, the overall rates of future mortality improvement
The answer to reducing welfare costs is not making more cuts
Blog by Helen White, Head of Protection, Association of British Insurers (ABI) Realistic reductions in the cost of welfare will not come from f

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.