Who is the fairest of them all? How to use fairness to weigh up choices. pt2
If, as the UK regulator emphasised recently
[http://www.fca.org.uk/news/the-fairness-challenge], fairness is to be the
dominant…
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.
88 posts
Two simple tests for deciding on the fairness of your decision. pt1
‘Fairness’ crops up a lot in insurance regulation – the chief executive of the
UK regulator said recently [http://www.fca.…
Ethics and Underwriting – Part3 – Fairness puts Distribution firmly onto the ethical radar
An underwriter will invariably design and price a particular type of policy with
at least one eye on how it’…
Ethics and Underwriting – Part2 – the huge implications of pricing, pooling and differentiation
With so much variety of risk and variety of policyholder, the way in which
underwriters approach their setting of premiums…
Why underwriters need to use predictive analytics with care
Insurers have always used claims data to understand the future likelihood of
this or that type of policyholder making this…
One vital rule for insurers to remember about predictive analytics
A software firm estimates that one in ten insurance claims are fraudulent and that its models can point insurers towards…
Ethics and Insurance Claims – Part 2 – Getting Compensatory Justice Right
This is the second in a series of posts about the ethical issues associated with
insurance claims. This focus this…
Do personalised premiums mean the end of risk pooling?
“With insurance no longer a matter of risk pooling, policyholders pay a fairer
premium”. So said a director of a…
What are the ethical issues raised by dual pricing?
Insurers have been in the spotlight recently in connection with dual pricing.
This is when the same risk is priced…