EU gender equality laws would lead to inequality say actuaries

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EU moves to enforce gender equality in insurance rates and pension calculations could lead to greater inequality The Actuarial Profession has said.

The warning comes in response to an announcement from Juliane Kokott, Advocate General of the European Court of Justice, who claimed the practice of setting different insurance rates and pension calculations for men and women could be in violation of EU sex discrimination laws. The Actuarial Profession, the umbrella group for English and Scottish actuaries, countered that gender is a clearly defined differentiator between individuals and is useful for identifying risk levels for the traits typically demonstrated by each gender. Being prevented from identifying two clear groups with diffe...

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