ECJ Ruling: reinsurance consequences?

As expected, the Court of Justice of the European Union (ECJ) struck down the provisions of a Directive which allowed gender to be considered in setting insurance premiums. Unfortunately, the ruling provides no guidance concerning the practical implications of this decision for our industry. Here are our thoughts as to the main areas of uncertainty and what the life insurance industry needs to do going forward: 1 - How should reviewable premium business be treated? We believe that there is an extremely strong case to leave existing contracts taken out before 21 December 2012 unc...