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« DOUBLE DEFEAT FOR MEN ON RAPE ALLEGATIONS | Main | ARTICLES UPDATE »

Tuesday, 01 March 2011

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John Kimble

Couldn't have really put it any better myself. I had EXACTLY the same thoughts about this when the news broke, still waiting to hear the first feminist praise the big improvement in gender equality we've seen today.

You've covered just about every possible point I can think of, all I have to add is o highlight the way teh BBC has covered this.

Note how when say something benefiting women is introduced (eg All women shortlists) it is praised endlessly despite it being sexist.

In this instance we've got genuine equality and their rather negative and misleading headline is "Insurance and pension costs hit by ECJ gender ruling"


Has the ruling impacted on the price of raw materials? Has it somehow made more cars come off the road all at once therefore increasing the number of repairs and claims? No, the COSTS of insurance are exactly the same as they were yesterday, we're just seeing a change in PRICING with a fairer system introduced spreading the exact same costs more fairly based on driver performance rather than sexism.

Matt

Insurance rep here...

My problem with this was gender wasn't the reason behind insurance companies charging different genders different amounts.

Statistics were. Everything an insurance company does is based on math, trying to get the best profit margin possible while also offering the most competitive prices they can. This wasn't a gender equality issue. Men are more likely to get in a car accident than women, ESPECIALLY AT A YOUNG AGE. This is a fact supported by data recorded by every single car insurance company in the world, along with EU governments. The greatest differences in price were, you guessed it, for drivers under 25. Not to say insurance companies don't love the idea of being able to charge women the same price as men, I know I will. Thanks to this ruling I'll be getting a pay raise of ~7-9%. So I'm overall happy about this ruling.

(I work mostly on commission, higher prices for women means more money for me.)

Jon

Matt, this IS a gender equality issue. Credit agencies are not allowed to calculate credit ratings based on race or indeed gender so why should insurance be able to get away with it? Insurance should be calculated based on how much YOU have cost the insurance company in the past, not on how much on average your gender has. I have never crashed my car and never claimed on my insurance yet it is still higher than a woman who has had many crashes. I am therefore obviously being discriminated against because I am male.

John Kimble

Insurance companies will just have to become more intelligent about assessing risk rather than just using sexism as their main method of doing business.


In the long run those who can distinguish between dangerous younger drivers and responsible ones will have the most appropriate prices for each and therefore make the biggest profits.

John Taylor

Very pleased you mentioned Parity in your article.... Skimmington

spray foam insulations

Couldn't have really put it any better myself. I had EXACTLY the same ideas about this when the information smashed, still holding out to listen to the first feminist reward the big enhancement in sex equal rights we've seen these days.

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