This morning, Olivier Côté was invited to speak for one hour at the “CS-44 – Operationalizing Fairness in Actuarial Pricing: From Principle to Practice” session, at the CAS 2025 Annual Meeting, in Austin, Texas (US).
Fairness metrics often lack actuarial relevance and are expressed in abstract units, obscuring real-world consequences. For actuaries to intervene, proxy effects and unfair biases must be quantified in insurance-relevant terms: dollars and people. This session will present new research from the CAS Race and Insurance Pricing series, focusing on the unique challenge of establishing fairness in actuarial pricing. We argue that actuarial fairness, solidarity, and causality form the three dimensions of fairness in insurance. These give rise to a five-point spectrum of pricing benchmarks, each reflecting distinct fairness goals and trade-offs. We quantify the monetary impact of unfairness at both the policyholder and segment levels through a large-scale Québec auto insurance case study.

OpenEdition suggests that you cite this post as follows:
Arthur Charpentier (November 10, 2025). CAS 2025 Annual Meeting, in Austin, Texas. Freakonometrics. Retrieved December 15, 2025 from https://doi.org/10.58079/154b9