Analysis

Unpacking the controversial issue of an ‘ethnicity penalty’ in car insurance premiums

By 2023-04-25T12:02:00

Diversity people

Insurance Times speaks to industry experts following Citizens Advice revealing that POC are paying more for car insurance than their white counterparts

Does the insurance industry discriminate on race when it comes to price? Data from a recent Citizens Advice report would suggest so – but then no insurers are gathering data on race or ethnicity when quoting for premiums. 

That the insurance industry discriminates on the basis of race is certainly a highly controversial conversation and the issue does not seem to be going anywhere.

 

Read more…

Explore more diversity and inclusion-related content here or discover more news stories here 

You need to register to continue reading the rest of this article and more for free.
(If you’re already registered, please sign in here.)

Register now

We’re glad you’ve chosen Insurance Times as your source for industry news and hope you’ve been enjoying reading articles from our award-winning team of journalists.

Gain access to more of our exclusive, breaking stories, interviews and news analysis as it happens. Registering is quick, easy, free, and will also have the additional benefits:

  • Top level access to our Five Star service ratings across our annual Personal Lines, Commercial Lines, eTrading and MGA reports.
  • A choice of daily and weekly email newsletters that suit you, to keep informed of news across the industry directly to your inbox.

Register now to continue reading more for free

As a subscriber you will benefit from unlimited access to our news and news analysis, magazine editions, special supplements, exclusive research reports and full access to the Five Star service rating microsites - view subscription options.