05/28/2025
In her latest article, CAS Research Manager Annmarie Geddes Baribeau provides a deep dive into six important papers from the Phase II Race and Insurance Pricing Research Series, exploring how actuaries can identify, measure and mitigate potential bias in insurance pricing.
From navigating evolving regulations to evaluating rating variables like credit scores, telematics, and geography, this article offers a practical toolkit for actuaries — no matter their company size or area of focus.
Key takeaways:
- Why actuarial soundness alone may not be enough to demonstrate fairness.
- The critical role actuaries play in aligning AI and rating models with ethical standards.
- How regulatory trends in the U.S., EU, and beyond are reshaping expectations.
- Tools for bias testing, mitigation, and understanding unintended consequences of reforms.
This article isn’t just about compliance — it’s about leadership. It’s about preparing actuaries to help shape a fairer and more effective insurance landscape.
The CAS Research Paper Series on Race and Insurance Pricing Delivers Greater Insight into Potential Bias in Insurance Practices Detecting and addressing potential bias in ratemaking and other insurance practices will continue to be a pressing concern in the future — regardless of the political cli...
