ST-3 - Bias & Discrimination - What Should Actuaries Do?

Session Description: This session will discuss various actuarial roles and influences that actuaries can have regarding the impact of their work with regard to bias and discrimination in the offering, pricing and delivery of insurance protection. Actuarial work can affect how insurance protection is viewed by society, particularly where insurance is required or needed for consumers, businesses or other entities. The session will discuss examples of how actuarial roles and actuarial work could result in a detrimental effect from bias and discrimination in insurance and could be regarded as unlawful, unacceptable or adverse to benefiting society.

The work of the CAS, American Academy of Actuaries and the Actuarial Standards Board will be highlighted.

The session will focus on critical questions, many for which there are no clear or concise answers. Audience interactions using live polling and other tools will be included.