Congratulations Philipp, who won the third price for his poster at the Canadian Statistical Conference. Our paper is still online on arxiv, a revised version will be uploaded this summer.
Daily Archives: 12/07/2022
Insurance, biaises, discrimination and fairness
The report Insurance, biaises, discrimination and fairness is now officially online on the website of the Institut Louis Bachelier.
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What is the future of predictive probabilities in insurance?
This post was written with Laurence Barry and Ewen Gallic, in French, in November 2019 (see hal-02350006)
Insurance policies are classic examples of random contracts. This forces insurers to regularly quantify this uncertainty, to calculate probabilities in order to propose “fair” premiums for the commitments they are going to make. Isn’t it time to question this practice, at a time when artificial intelligence is exploding, offering predictive algorithms of a precision never seen before? At a time when big data / big brother could mean the disappearance of uncertainty itself?
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