The utilization of models and the potential for the presence of disparate impact in these models remains a critical topic in the insurance industry today. Many have weighed in on the topic, from regulatory and advocacy groups to actuaries and data scientists. With the diverse viewpoints represented, the material available ranges from the policy-focused to the technical. Whether you are just getting acquainted with disparate impact concepts or are looking for ideas on how to measure fairness, this session will bring you up to speed on the current landscape.
Learning Objectives:
Describe the current U.S. insurance regulatory landscape around disparate impact.
Calculate various fairness metrics on real-world data.
Explain the practical tradeoffs of different fairness metrics.
