Defining Discrimination and Quantifying Disparate Impact in Insurance
Thursday, February 17, 2022, at 2:00 p.m. Eastern (1:00 p.m. Central)
Registration is now open for our next Pinnacle APEX Webinar.
Pinnacle's Roosevelt Mosley and Radost Wenman and their guest, Kuda Chibanda from The Hartford, will discuss disparate impact in the insurance industry, including terminology and compare several potential statistical methods that actuaries can apply to measure fairness in the context of insurance rating.
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This APEX is a practical introduction to SHAP (SHapley Additive exPlanations) values, a widely used method for explaining complex predictive models. It will be for anyone new to SHAP or for those seeking a refresher on this important interpretation tool. Pinnacle Senior Consulting Actuary Radost Wenman and Consulting Actuary Joey Sveda will explore how SHAP values can be applied with individual prediction levels and across an entire dataset. Attendees will leave with a solid understanding of how SHAP can help build transparency and trust in predictive modeling.
Peer reviews are an important and crucial aspect of actuarial work, especially in the context of established professional standards. The peer review process at Pinnacle is engrained in our culture. Pinnacle Consulting Actuaries Ken Hawkins and Trenton Lipka look in depth at how peer reviews ensure quality and integrity of all actuarial work products with a focus on loss reserving.
Pinnacle’s Director and Consulting Actuary Greg Fears, Senior Consulting Actuary Erich Brandt and Associate Actuary Amanda Conklin analyzed groups that experienced adverse loss development this past year. The team will cover how the industry performed over the last several years relatively, as well as discuss risk of material adverse deviation items as observed in recent statements of actuarial opinion.