Insurance news

• EU’s gender ruling on car insurance has made inequality worse

  14-01-2017 07:59
  
  It said car insurance firms couldn’t discriminate between the sexes ... since then men have seen a four-fold rise in premiumsIn December 2012 the EU introduced controversial new rules insisting that car insurance companies no longer discriminate on the basis of gender. Until then, men were being routinely charged more than women, but after the European Court of Justice ruled that different premiums for men and women purely on the grounds of sex “were incompatible with the principle o
  
  Read more

• Desjardins plans Western Financial sale: Reuters

  14-01-2017 00:02
  Desjardins Group, a financial cooperative whose operations include
  Canada's third-largest property and casualty insurer, plans to
  sell its Western Financial unit, Reuters has reported, citing
  sources it didn't name.
  The business, which includes brokerage and life insurance
  operations, could fetch as much as C$500mn ($380mn), Reuters said,
  citing three sources.
  In 2015, Desjardins said its P&C unit accounted for earnings
  of about C$360mn, or 18 percent of its combined surplus of
  C$1.959bn, in
  
  Read more

Follow @Insurance_UKnws on Twitter!