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 webinar will examine the latest Actuarial Standards of Practice (ASOPs) that have proposed revisions, including a discussion of why revisions have been proposed and the feedback received thus far. Among the ASOPs to be discussed are No. 41: Actuarial Communications, No. 36: Statements of Actuarial Opinion Regarding L&LAE Reserves, No. 29: Expense Provisions for Future Cost Estimates for Prospective P/C Risk Transfer and Risk Retention, and No. 20: Discounting of P/C Claim Estimates. Rob Walling and Megan Baker will examine the proposed changes of these ASOPs.
The Florida homeowners insurance market is one of the most dynamic in the U.S. In this Pinnacle APEX Webinar, Derek Freihaut, Art Randolph and Chris Schubert will discuss the impact of recent events on ratemaking and reserving and uncover what may lie ahead for Florida insurance providers and consumers in light of recent insurance company insolvencies. Derek, Art and Chris will also include a forum to answer and discuss attendees’ questions on issues and topics facing this important market.
Join Erich Brandt, Greg Fears and Steve Jagodzinski as they review the 2021 updates to the Risk Retention Group Benchmarking Study. They will take an in-depth look at industry-level RRG financial statement data complete with trends and comparisons to the admitted market.