Gender as a factor in the assessment of insurance risks
When underwriting insurance policies, insurance companies base their premiums on a wide variety of factors that may affect the claims cost they observe among their customers. One factor is gender.
From 6 April 2008, the Sex Discrimination (Amendment of Legislation) Regulations specify certain conditions under which insurance companies are allowed to differentiate premiums based on gender. One condition is that the use of gender as a factor in the assessment of risk for individual policies is based on relevant and accurate statistical data. A second condition is that this data must be compiled, published and regularly updated in accordance with guidance issued by HM Treasury
Data in respect of the following types of insurance can be found by clicking on the links below:
This data is supplied by the Continuous Mortality Investigation, which carries out research into mortality and morbidity experience on behalf of the UK Actuarial Profession. This includes people covered by long term insurance policies issued by life insurance companies in the United Kingdom
