EQUAL TREATMENT DIRECTIVE MISUNDERSTANDS RISK AND THREATENS INSURANCE MARKETS

Paul MacDonnell

Economic Affairs, 2005, vol. 25, issue 1, 48-52

Abstract: The Equal Treatment Directive, which will come into force on 21 December 2007, aims to outlaw‘discrimination’ between men and women in the calculation of insurance premiums, is founded upon a fallacious understanding of the nature of actuarial calculations and the morality of‘discriminatory’ calculations where state provision of insurance has traditionally been ‘non‐discriminatory’. The Equal Treatment Directive will have perverse consequences contrary to the aims of its creators ‐ benefiting the better‐off at the expense of the poor and, in some circumstances, men at the expense of women ‐ and will also threaten the private provision of pensions and healthcare essential to solving the looming pensions and healthcare funding crisis among EU member states.

Date: 2005
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://doi.org/10.1111/j.1468-0270.2005.00539.x

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:ecaffa:v:25:y:2005:i:1:p:48-52

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0265-0665

Access Statistics for this article

Economic Affairs is currently edited by Philip Booth

More articles in Economic Affairs from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().