Anyone got any views on the recent case where a lady had a loading imposed on her policy because she was over weight and has been cleared by the high court to take a case to the equality tribunal?
Surely insurance depends on the risk transfer, equitable premiums and the common pool all working together. An underwriter should be able to decide (without reference to equality) as to whether or not to accept a risk and to calculate a suitable premium as this gives everone who are not above average risks an equitable premium.
I know equality works outside of this but if this goes through then why should those of a lesser risk be asked to pay higher premiums to subsidise those of a greater risk?
Surely insurance depends on the risk transfer, equitable premiums and the common pool all working together. An underwriter should be able to decide (without reference to equality) as to whether or not to accept a risk and to calculate a suitable premium as this gives everone who are not above average risks an equitable premium.
I know equality works outside of this but if this goes through then why should those of a lesser risk be asked to pay higher premiums to subsidise those of a greater risk?