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The Gender Directive

2. Background. Gender Directive was implemented in the UK by means of the Sex Discrimination (Amendment of Legislation) Regulations 2008 amending the Sex Discrimination Act 1975.From 6 April 2008, these regulations specify the conditions under which insurance companies are allowed to differentiate

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The Gender Directive

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    1. 3/24/2012 The Gender Directive Implementation of data publication requirements in the United Kingdom Presentation to EC Forum on the implementation of Article 5 of Directive 2004/113/EC Heather Miller 9 September 2009

    2. 2 Background

    3. 3 Treasury guidance on data publication Published March 2008 Available on HM Treasury website Produced on the basis of discussion with industry Data is published by the Association of British Insurers and the Continuous Mortality Investigation organised by the UK actuarial profession

    4. 4 Data Publication Requirements

    5. 5 Products for which data publication is required

    6. 6 Nature of data publication In single year age points or five year age bands Longer age bands are permitted where populations are small: e.g. critical illness policyholders <30 years old or motor insurance policyholders > 80 years old In some cases publish ratio of male to female outcomes (e.g. mortality rates), in some cases publish ratio of average costs per policy Data should be reviewed and, if necessary, updated at intervals not exceeding a set period (3-4 years for most products)

    7. 7 Example 1: Motor insurance

    8. 8 Example 2: Private medical insurance Average cost of a claim per policy for women as a percentage of average cost of a claim per policy for men for Private Medical Insurance, 2005- 2007 This data is based on an average cost of a claim per policy provided by four insurance companies. To protect the confidentiality of the data, this is unweighted.

    9. 9 Considerations re publication schemes Who is the audience for the data? How will data be made publicly available? How will competition be protected? Who will collate the data? How often will the data be updated and who by? Are the cost and resources required worthwhile?

    10. 10

    11. 11 ANNEX – Publication requirements for different insurance products

    12. 12 Life insurance and Annuities

    13. 13 Critical illness insurance

    14. 14 Income protection insurance

    15. 15 Motor insurance

    16. 16 Private medical insurance

    17. 17 Other types of policies

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