View more on these topics

ABI proposes abolishing exemption allowing insurers to differentiate based on sexual orientation

The Association of British Insurers has proposed abolishing the existing exemption which allows insurers to differentiate based on sexual orientation.

The ABI says insurance companies see no need to differentiate between customers in civil partnerships and married couples.

ABI director of general insurance and health Nick Starling says: “Insurers base their treatment of all customers on a fair and objective analysis of the risks they represent. It is sensible to differentiate for instance in the case of age or gender.

“But we do not seek exemptions where there is no case for one. There is no need for the law to provide for different treatment between civil partnerships and marriages.”

Compass managing director and member of the ABI Expert Working Group on HIV and Insurance Chris Morgan says it is crucial the new sexual orientation regulations do not overshadow the positive changes that have already been made for gay men within the life insurance industry.

He says: “The HIV and Insurance guidelines introduced by the ABI require insurance companies to treat gay men fairly when applying for life assurance products already. Therefore, the exemption contained within the new legislation should be removed.”

Stonewall director of public affairs Alan Wardle says: “We trust the Government will repeal the exemption at the earliest opportunity. Insurance premiums should be based on someone’s behaviour rather than their sexual orientation.”

The proposal will form part of the ABI’s response to the Government’s consultation on its Discrimination Law Review.

Recommended

Open up on market

The fallout from the US sub-prime market is still causing jitters across stockmarkets but mortgage IFAs and brokers want to know what it means for them and their clients.

July’s house price growth lowest since June 2006

House prices in England and Wales increased by 0.1 per cent in July, the lowest rate of growth since June 2006 according to the Land Registry’s monthly House Price Index.The average house price rose to £181,460. London continues to lead the rest of the country when it comes to house price growth with an increase […]

Herbert in benefit move to Origen

Steve Herbert is joining Origen’s corporate pensions team as a senior benefits education consultant from Truestone Employee Benefits.

Graphic Content – August

Given the release of employment data from the US on 5 August, we wanted to focus on employment data in this month’s Graphic Content. The Graphic Content below shows us that young and middle-aged workers were hit the hardest by the Great Recession and have never caught up. Since the job market started to recover […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment