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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Allianz Ag Muenchen Namen (PK) | USOTC:ALIZF | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3.77 | 1.30% | 293.90 | 281.06 | 293.90 | 293.90 | 293.90 | 293.90 | 1 | 15:42:12 |
From Jul 2019 to Jul 2024
German insurance companies like Ergo Versicherungsgruppe AG (EVG2.XE) and Allianz SE (ALV.XE) said Thursday the European Union's Advocate General's opinion that insurers can't link a person's gender to premium calculations would be in conflict with German laws, should it be implemented.
Ergo, the primary insurer of reinsurer Munich Re AG (MUV2.XE), said "EU anti-discrimination law allows for well-founded exceptions when it comes to insurance products while German law actually demands differentiation as women are more expensive to insure than men."
Allianz said in a statement that prescribing unisex rates would be an infringement on German law. "Differentiation is not discriminatory," but fairly used by insurers as a basis for their calculations, Allianz added.
The German Insurance Association, the umbrella organisation for private insurers in Germany, noted that the Advocate General's comments are only a legal opinion, and not a ruling.
-By Frankfurt Bureau, Dow Jones Newswires; +49 69 29725 500; djnews.frankfurt@dowjones.com
1 Year Allianz Ag Muenchen Namen (PK) Chart |
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