2024 The discriminating pricing actuary

The discriminating pricing actuary

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August undefined, 2024

WebThe Discriminating (Pricing) Actuary Video : Chris Dolman: Fei Huang, Edward (Jed) Frees: 1:30pm-2:30pm: Virtual Networking for those interested in international networking: 3:00pm-4:00pm: Concurrent: Claims Management and what Actuaries should know Presentation Video: Colin Yellowlees: Alisha Jones FIAA, Jacqui Goldfinch, Matt Battersby: WEEK 2 WebMay 26, 2024 · Roosevelt Mosley, FCAS, CSPA, a principal and consulting actuary at Pinnacle Actuarial Resources, outlined several possible ways to examine price discrimination. 1. Do nothing. This had been a standard industry response for decades but is not one anymore.

A Practical Guide to Commercial Insurance Pricing - Actuaries

WebJun 24, 2024 · Actuarial pricing refers to the process that actuaries use to determine the most effective price to set an insurance premium. Actuarial pricing involves assessing the potential risk of insuring clients and finding the price ranges that can accept this risk while still generating a profit. WebNov 1, 2024 · Here, we mainly focus on insurance discrimination in underwriting/pricing, and we use the word “discrimination” in an entirely neutral way, taking it to mean the act of treating distinct groups differently – whether or not such discrimination can be justified based on legal, economic or ethical grounds. cdls practice test

Online Supplement to: The Discriminating (Pricing) Actuary - SSRN

WebThe Casualty Actuarial Society is committed to diversity, equity and inclusion in all aspects of actuarial work and has produced four CAS Research Papers to help guide the insurance … WebApr 14, 2024 · Actuarial Release 23-014 - Actuarial Information Available. As of April 14, 2024 the following information is now available on the FTP site: 2024 Actuarial Data Master for the 6/30 Filing Date, YTD, and Daily Files. 2024 Actuarial Data Master for the 6/30, 9/30, 11/30 Filing Date, YTD, and Daily Files. WebThe Discriminating (Pricing) Actuary Edward W. Frees 1, Fei Huang 2 Abstract: The insurance industry is built on risk classification, grouping insureds into homogeneous classes. Through actions such as underwriting, pricing, and so forth, it differentiates, or discriminates, among insureds. cdls property

Anti-discrimination insurance pricing: Regulations ... - Actuaries …

Dr Fei Huang - UNSW Sites

WebApr 1, 2024 · The definition of when a rate is considered “not excessive, inadequate or unfairly discriminatory” is when “it is an actuarially sound estimate of the expected value of all future costs associated with an individual risk transfer.” This is an overly simplified view and the ASOPs provide more current guidance. Webthe development of sophisticated pricing structures. The role of actuaries in Commercial insurance pricing is less established and there is an opportunity for the profession to become an integral part of the Commercial insurance industry. However this opportunity comes with challenges as a typical Commercial portfolio will cdl springfield moWebMar 15, 2024 · Methods for Quantifying Discriminatory Effects on Protected Classes in Insurance Approaches to Address Racial Bias in Financial Services: Lessons for the Insurance Industry. Was this article... butterball turkey specials

"WebFeb 8, 2024 · She explores this in her paper: The Discriminating (Pricing) Actuary, alongside co-author Edward W. (Jed) Frees, Emeritus Professor in the Risk and Insurance … " - The discriminating pricing actuary

The discriminating pricing actuary

CAS Board Responds to Member/Regulator Feedback on Rescinded Ratemaking …

WebApr 9, 2024 · Volume 27, issue 1, 2024 Society of Actuaries and North American Actuarial Journal Announce New Editor pp. 1-1 The Editors The Discriminating (Pricing) Actuary pp. 2-24 Edward W. (Jed) Frees and Fei Huang Risk-Seeking Behavior and Its Implications for the Optimal Decision Making of Annuity Insurers pp. 25-46 Cuixia Chen, Yijia Lin and Ming … WebMay 16, 2024 · The performance of different anti-discrimination insurance pricing models depends on multiple factors according to our scenario analysis. Generally speaking, the …

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WebJul 27, 2024 · " Discussion on “The Discriminating (Pricing) Actuary,” by Edward W. (Jed) Frees and Fei Huang." North American Actuarial Journal , 27(1), pp. 206–207 Discussions on this article can be submitted until October 1, 2024. WebThe Discriminating (Pricing) Actuary EdwardW.(Jed)Frees UniversityofWisconsin-Madison,AustralianNationalUniversity FeiHuang UniversityofNewSouthWales …

WebNov 11, 2024 · justified, “fairly discriminatory” pricing is subject to limited, enumerated legislative ... Actuarial justification is determined by a rating factor’s predictive value, not a … WebErrata for Defining Discrimination in Insurance (September 23, 2024) Do you have feedback on the Race and Insurance Pricing Research Series or an idea for additional topics for research on this issue? The CAS research committees are interested in your input to potential research projects.

WebMar 26, 2024 · Summary. Using AI and data-driven tools, companies can change the price of a good or service based on who is buying, when they’re shopping, and myriad other … WebSep 1, 2015 · Insurance commissioners strive to ensure that rates are not excessive, inadequate or unfairly discriminatory. So when insurers are accused of practices that result in unfairly discriminatory rates, regulators rightfully pay attention — and so do actuaries.

WebJan 1, 2024 · Recent actuarial literature discusses discrimination-free insurance pricing which aims at developing a pricing framework that is free of discrimination w.r.t. so …

WebJun 4, 2024 · Our discrimination-free pricing formula can be derived by arguing from two distinct directions; we only give a summary of the technical arguments here. First, recall … cdls shirtsWebThe Discriminating (Pricing) Actuary Edward W. Frees 1, Fei Huang 2 Abstract: The insurance industry is built on risk classification, grouping insureds into homogeneous … butterball turkey temperature cookingWeb(1) The Discriminating (Pricing) Actuary (with Edward (Jed) Frees), NAAJ, 2024 (with Xi Xin), NAAJ, 2024 (This paper won the inaugural Carol Dolan Actuaries Summit Prize Socio … butterball turkey stuffed cook from frozenWebA selection of references 8 Sources I used to put this workshop together: • Mehrabi et al. (2024),A survey on bias and fairness in machine learning, ACM Computing Surveys • Caton & Haas (2024),Fairness in machine learning: a survey • E. Frees & F. Huang (2024),The discriminating (pricing) actuary, North American Actuarial Journal • M. Lindholm, R. … butterball turkey stuffed cooking chartWebAug 25, 2024 · Abstract This is online supplement provides and extended abstract, a description of regulation by jurisdiction, several appendices, and an annotated bibliography. Keywords: Actuarial fairness; disparate impact; proxy discrimination; unisex classification; credit-based insurance scores; price optimization; genetic testing; big data; COVID-19 cdls richard wardlawWebApr 5, 2024 · The Casualty Actuarial Society (CAS) published two new reports March 31 to examine methods to identify and measure racial bias when pricing products like auto and … cdl standards 49 cfr part 383WebTo cite this article: R. Guy Thomas (2024): Discussion on “The Discriminating (Pricing) Actuary,” by Edward W. (Jed) Frees and Fei Huang, North American Actuarial Journal, DOI: 10.1080 ... cdls strategy