Higos fires broadside at EU Gender Directive

Higos Insurance Services has slammed the imminent EU Gender Directive, saying that the new system will penalise female motor clients.

Higos managing director Ian Gosden said: “Traditionally, men have paid more for their car insurance than women because statistics show that they have a higher chance of claiming. The decision to alter this is illogical and calls into question the entire risk factor the insurance industry has been built upon.”

Gosden believes that the directive will affect both consumers and the insurance industry.

He said: “The directive is desperately disappointing as it prevents insurers from employing a legitimate and successful rating factor. It would seem that the law has prevailed over common sense and there are unlikely to be any winners.”

The broker said it is crucial women understand the change and are aware of the effect it will have on their insurance premiums ahead of its introduction on 21 December.  

Gosden added: “We would urge female customers to look into what effect this will have on their policies going forward. The clock is ticking, and we would not want any individual to be unprepared for the coming price hike.”