Bright Grey and Scottish Provident are remaining defiant and calling government action in the face of the European Court of Justice (ECJ) decision to ban gender based underwriting.
The ABI added that it was disappointed with the ruling that outlawed the practice from 21 December 2012 and hoped customers would not be put off by it. Fears had been raised that the judgment could have been introduced immediately and, in a worst case scenario, enacted retrospectively. This could have resulted in a chaotic period as some providers removed products to update underwriting systems while a mass re-pricing took place as the market sought to find the correct level for risk pricing. Roger Edwards, proposition director of Bright Grey and Scottish Provident, told COVER he w...
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