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RPM Seminar

Special Topics

Level 1: No prior knowledge of the subject (0-3 Years)

C:MM:L1

C:FE:L1

C:RM:L1

C:AS:L1

S:CT:L1

S:DA:L1

S:BT:L1

S:PR:L1

S:LT:L1

T:AN:L1

T:IC:L1

T:IA:L1

99 Problems but Bias ain't One??

ST-1 - 99 Problems but Bias Ain't One??

Monday, March 18, 2024
2:00 PM – 3:00 PM CST
CE: 1.2
Livestreamed
There has been a significant amount of discussion, debate, and research around the examination of rates and actuarial models for potential bias against protected classes. This has led to several potential approaches to measuring and mitigating potential bias. As with any emerging area, moving from a theoretical construct to practical implementation can be a challenge, and often results in unexpected implications. This session will cover the practical considerations around the implementation of several methods for measuring potential bias. This session will explore examples of these practical considerations, with a discussion of insights gained from applying them through various mini simulation scenarios.

Learning Objectives:

  • Explain the challenges and implications of moving towards practical implementation
  • Explain the challenges measuring potential bias and why it's important
  • Demonstrate and explain the possible impact of bias mitigation approaches through mini simulations