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| Type | Master's Thesis |
| Scope | Discipline-based scholarship |
| Title | Gender as a Risk Factor in the Calculation of Insurance Premiums and Benefits |
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| Institution | University of Zurich |
| Faculty | Faculty of Business, Economics and Informatics |
| Number of Pages | 105 |
| Date | 2018 |
| Abstract Text | The use of gender as a risk factor in the calculation of premiums and benefits has been a deep-rooted actuarial practice. Statistical evidence demonstrates systematic differences in the loss frequency in terms of mortality rate and traffic accidents between men and women, which are reflected in their life and motor insurance premiums. Nevertheless, on 1 March 2011 the European Court of Justice decided to prohibit gender-based pricing in the insurance sector since it was deemed to go against the principle of equal treatment between individuals. This research provides a comprehensive discussion on the current use of gender as a risk factor in insurance pricing and the potential economical implications of unisex pricing within a Swiss context. The first parts focus on the theoretical and legal aspects of insurance pricing. There then follows a thorough discussion on the current practice with regard to the use of gender and the practical application of the European Court of Justice Judgment. This research outlines the economic inefficiencies of imposing unisex pricing by investigating the case of term life insurance and motor insurance in Switzerland. |
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