Martin Shaw, CEO of Association of Financial Mutuals reacts to the European Court of Justice ruling on gender
Martin Shaw, CEO of Association of Financial Mutuals reacts to the European Court of Justice ruling on gender
“In the short term, there will be some negative impact on the cost to the consumer but markets such as motor insurance and annuities are competitive and, over the longer term, insurers will look to develop more sophisticated techniques on which to base their assessment processes. In practice, this will mean that aspects such as health and lifestyle will become more important as insurers look to calculate risk by another means.