The Casualty Actuarial Society (CAS) has added to its growing body of research to help actuaries detect and address potential bias in property/casualty insurance pricing with four new reports. The latest reports explore different aspects of unintentional bias and offer forward-looking solutions. The first – “A Practical Guide to Navigating Fairness in Insurance Pricing” – … Read more
Evaluation primarily based on exact, granular information is essential to honest, correct insurance coverage pricing – and is extra essential than ever earlier than in an period of elevated climate-related dangers. In a current Government Trade dialogue with Triple-I CEO Sean Kevelighan, a co-founder of Norway-based 7Analytics mentioned how his firm’s methodology – honed by … Read more
By Loretta Worters, Vice President, Media Relations, Triple-I One in 5 U.S. youngsters is uncertain the place they may get their subsequent meal, in keeping with the U.S. Division of Agriculture. In 2022, 33 p.c of single-parent households skilled meals insecurity, and the issue is particularly acute for households of coloration and households headed by … Read more
A number of international challenges pose a big menace to sustaining comfortable market situations for Administrators and Officers (D&O) legal responsibility protection, in line with the newest report on the sector by Allianz. An inventory of salient dangers and traits to watch throughout 2024 spans numerous areas, together with: Macroeconomics, Geopolitical, Generative AI (GenAI), Environmental, … Read more
