2023 Webinar - Bias and Insurance – The Current State of Practice
- December 14
Recent shifts in demands from consumers, stakeholders, legislatures, and regulators have created a need for insurers to re-examine current practices for bias, particularly regarding the use of models and algorithms. In this webinar, we will discuss ways in which insurers and actuaries are starting to approach this topic, including methods to quantify and identify bias (and corresponding challenges), as well as the future outlook.
Learning Objectives:
- Understand the unique challenges insurers encounter when evaluating models for bias compared to other industries.
- Describe several tools and methodologies that can be used to identify and detect bias as well as their strengths and weaknesses.
- Identify and explain the limitations and considerations when conducting an analysis to assess for bias.
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