Insurance Pricing Fairness: Addressing Unintentional Bias
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Insurance Pricing Fairness: Addressing Unintentional Bias

ByInsurance Sir

Insurance pricing fairness is a critical issue in today’s complex landscape, where algorithmic bias in insurance can lead to unfair discrimination against certain groups.As the Casualty Actuarial Society (CAS) highlights in its recent reports, the reliance on advanced modeling techniques, including machine learning and artificial intelligence, necessitates a thorough examination of these practices to ensure they promote equity rather than inequality.

Insurance Pricing Fairness: New Reports by CAS
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Insurance Pricing Fairness: New Reports by CAS

ByInsurance Sir

Insurance pricing fairness is a critical issue that has gained significant attention in recent years, particularly as advancements in technology have transformed the industry.The Casualty Actuarial Society (CAS) has released a series of reports aimed at addressing this important topic, shedding light on algorithmic bias and how it can lead to discriminatory pricing in property and casualty insurance.