Policy Documents

Insurance and Gender, The Price of Equality

Anna Diamantopoulou –
November 15, 2003

This article focuses on the opposition to the practice of charging different premiums on the basis of gender by insurance companies. Anna Diamantopoulou, the European Commissioner for employment and social affairs, and European insurers are at loggerheads. Ms Diamantopoulou says her proposed directive on equal treatment of men and women outside the workplace, which would ban insurers from charging different prices to men and women, is fair. Almost all insurers in America and Europe charge men and women different premiums for life and motor insurance. Some insurers charge for health and accident cover according to sex. Ms. Diamantopoulou argues that gender is not the main reason why women live longer or men are likelier to crash their cars.