Discrimination-Free Insurance Pricing

We are excited to share a new paper on “Discrimination-Free Insurance Pricing” written by Mathias Lindholm, Andreas Tsanakas, Mario Wüthrich and a small contribution from myself. In this paper, we present a general method for removing direct and indirect discrimination from the types of models in common use in the insurance sector (GLMs) as well as more advanced machine learning methods.

One of my favorite plots from the paper shows a comparison of prices produced using a neural net with our method applied to the results.

We would like to hear your feedback and the paper can be downloaded here:

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3520676

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