A Three-Pillar Governance Framework for Fair Insurance Pricing

Our joint paper, with Olivier Côté and Marie-Pier Côté, A Three-Pillar Governance Framework for Fair Insurance Pricing, is now available on SSRN, Insurance is built on balancing individual risk with collective protection, yet contemporary black box data-driven pricing models raise pressing questions of fairness with respect to pre-specified protected attributes. While actuarial standards target risk-based accuracy, stakeholders increasingly demand ethical accountability, social solidarity, a...