Insurance EuropeInsurance Europe
Why the use of age and disability matters to consumers and insurers

Insurance Europe, the European insurance and reinsurance federation, commissioned Oxera to conduct an independent and objective economic study of the use of information on age and disability in insurance underwriting, product design and pricing in Europe.

The study covers six products: term life insurance; pension annuities; motor insurance; disability insurance; long-term care insurance; and private medical insurance.

The objectives of this study are to:

  • help understand why risk-based pricing is important to the functioning of private
  • insurance markets and its impact on consumers;
  • identify how information on age and disability is used in insurance underwriting, product
  • design and pricing, and explore whether its use is relevant and to the benefit of
  • consumers; and
  • consider the potential implications for consumers and the wider insurance market of
  • limitations on the use of age and disability as risk factors in insurance.
Published 17 October 2012
Malene Bye Rasmussen
Malene Bye Rasmussen
Senior policy advisor