Tag Archives: insurance

What is Fair? Addressing Proxy Discrimination and Demographic Disparities in Insurance Pricing 

By | June 15, 2023

What is a fair price for an insurance policy? Standard actuarial thinking suggests that a fair price is the one that most closely reflects the risk (expected costs) of that policy. This type of actuarial fairness ensures that, within an insurance portfolio, the premiums collected from homogenous groups of policyholders will, on average, match the… Read More »

Countering the Ransomware Epidemic: The Role of Insurance 

By | January 10, 2023

Ransomware attacks have created havoc across a range of industries – including the cyber-insurance sector, where insurance premia are rocketing to cover soaring losses. Looking into the security failures on some of these attacks raises the question of whether insurers were too lax in their underwriting practices: How could firms obtain insurance without fulfilling even… Read More »