Finance & Fury Podcast

Welcome to Finance and Fury, The Say What Wednesday Edition This week question comes from Matt - Not so sure if this is your area of expertise or have come across this at all, although I have a question regarding insurance and identification of gender. People know that gender affects the price of insurance premiums paid and can save a significant amount if one were to identify as a female for insurance to pay less, would this be legal or do insurance companies have a way around this. Cheers – from Matt, Thanks for getting in touch. That is an awesome question! Actually, laughed out loud when this came through – very interesting point – Especially if someone does identify as another gender Today’s episode - Talk about disclosure requirements and pricing between male and females – Different genders pay different amounts for the types of covers   Disclosure requirements - Under current insurance legislation – non-disclosure Insurance companies only offer the options of male or female for the application