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Human rights

Parliament Seeks to End Excessive Insurance Charges on Elderly Drivers

Strategic Insights

— 1 min read

Parliamentary proposals seek to amend insurance laws to prevent unjustified age-based discrimination, promoting social justice, transparency, and fair access to insurance for Cypriot citizens over 70. Independent MP Alexandra Attalides highlights the difficulties faced by elderly drivers due to high insurance premiums, which she claims are not justified by objective data. The proposed bills aim to strengthen human rights protection and ensure equal treatment of all citizens.

Key Takeaways:

  • The proposals target age-based discrimination in insurance, specifically for drivers over 70, who face excessive charges and difficulties in renewing policies.
  • The first bill introduces an explicit ban on age-based discrimination, allowing insurance companies to increase premiums only with objective and actuarial data to support their decisions.
  • The second proposal requires insurance companies to provide evidence-based explanations for refusing to issue policies, increasing transparency and accountability in the sector.
  • Official data from various organizations, including the police and justice ministry, indicate that accidents caused by elderly drivers do not justify general increases in premiums, as this group is not considered high-risk.
  • Insurance companies have failed to provide data supporting their pricing decisions, prompting calls for them to present evidence showing the percentage of elderly drivers responsible for accidents, compared to other age groups.
  • The proposals are awaiting views from the law office and the Cyprus Bar Association.

Statistics:

  • No specific statistics are mentioned in the article regarding the number of elderly drivers in Cyprus or the frequency of accidents caused by this group.
  • The article does not provide information on the exact number of insurance companies in Cyprus that have been asked to present data supporting their pricing decisions.
  • No exact percentage is given regarding the proportion of elderly drivers responsible for accidents compared to other age groups.

Sources:

  • Cyprus Mail (2022) - the article does not mention the date, but given the text, it can be inferred is from 2022, as indicated in the sentence "Copyright Cyprus Mail 2022"

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