In the ongoing battle between the legal profession and the insurance industry, the latter currently sits at win-one-lose-one, but the big fight may be yet to come...
So, today the European Court of Justice has ruled that policies written on the basis of sex constitute discrimination and that the insurance industry has until the end of 2012 to adjust. Essentially we are looking at lower annuity payments for men, higher car insurance for women and a win some lose some across the array of protection products (women will see cheaper income protection and pricier life policies, for example). The private medical industry does not routinely underwrite specific to sex, so to a large extent remains outside the issue. Some sectors may even have a way forwar...
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