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Why the Fairness of Crowds is so important for insurance
There is one perspective on fairness that dominates the minds of insurers. It is the fairness of merit, which involves…
Fairness
The most complex and influential ethical issue in today's insurance. Insurers need to be clear in their thinking on fairness, for it's going to be receiving a lot of attention over the next few years.
85 posts
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New regulations will test insurers’ use of emotional AI
The road to the digital future of insurance is often referred to as a superhighway. The notion presented is of…
Are some insurers going too far with data about convictions?
Counter fraud has been blossoming in recent years. Once focussed on catching
fraudulent claimants, the scope is now much wider,…
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Why Equality of Fairness will shape the Future of Insurance
The UK insurance sector is grappling with the repercussions of a ban on their main model for pricing retail products.…
Behavioural fairness is a serious risk to the future of insurance
An influential narrative has emerged within insurance in recent years, centred upon the notion of behavioural fairness. It is a…
Why predictive analytics in claims is so dangerous for insurers
Claims settlements are an insurer’s biggest expense. So it would seem natural for firms to understand as much about…
The underlying warning in the FCA’s report on household insurance pricing
The UK regulator issued a report on general insurance pricing
[https://www.fca.org.uk/publications/thematic-reviews/tr18-4-pricing-practices-retail-general-insurance-sector-household-insurance]
in late…
The super complaint will put pricing practices under intense scrutiny
A super complaint was delivered [https://www.bbc.co.uk/news/business-45664985]
last week to the UK competition authority. It…
Are actuaries ready for a new era of accountability in insurance?
There are many changes affecting insurance at the moment and actuaries are at
the heart of many of them. Yet…