Welfare Implications of Fairness and Accountability for Insurance Pricing
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In practice, the pure premium for policyholders with the same risk profile may deviate significantly, especially when price optimization is allowed.
“However, in practice, the pure premium for policyholders with the same risk profile may deviate significantly, especially when price optimization is allowed; see Shimao and Huang (2022) for further discussion.”
From Antidiscrimination Insurance Pricing: Regulations, Fairness Criteria, and Models (2024) · cites this paper as Shimao and Huang (2022)
Cites
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Self-citationAntidiscrimination Insurance Pricing: Regulations, Fairness Criteria, and Models
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Antidiscrimination Insurance Pricing: Regulations, Fairness Criteria, and Models
Xin, X., & Huang, F. (2024) · North American Actuarial Journal · doi:10.1080/10920277.2023.2190528 · Cited by 43 · see citing works
“Another interesting area is to understand the ANTIDISCRIMINATION INSURANCE PRICING implications of different fairness criteria and regulations for stakeholders considering the entire pricing process; for example, see Shimao and Huang (2022).”
BackgroundInfluentialSelf-citationFairness: plurality, causality, and insurability
Fahrenwaldt, M., Furrer, C., Hiabu, M., Huang, F., Jørgensen, F. H., Lindholm, M., Loftus, J. R., Steffensen, M., & Tsanakas, A. (2024) · European Actuarial Journal · doi:10.1007/s13385-024-00387-3 · Cited by 7 · see citing works
Self-citationA Fair price to pay: exploiting causal graphs for fairness in insurancePreprint
Côté, O., Côté, M., & Arthur Charpentier, A. (2024) · SSRN Electronic Journal · doi:10.2139/ssrn.4709243 · Cited by 2 · see citing works
Consumer-Centric Machine Learning in Life Insurance: Applications, Challenges, and Future Trends
Clímaco, I. N., & Melo, D. (2026) · Smart innovation, systems and technologies · doi:10.1007/978-3-032-16284-7_25
- Authors
- Shimao, H., & Huang, F.
- Affiliations
- Santa Fe Institute (US)
- UNSW Sydney (AU)
- Corresponding author
- Huang, Fei
- Venue
- SSRN Electronic Journal
- Publisher
- Elsevier BV
- Published
- 2022
- ISSN
- 1556-5068 (ISSN-L)
- OpenAlex
- W4312878395
- Cited by
- 4
- References
- 23
- Citations by year
- 2026: 1 · 2024: 2 · 2023: 1
- Type
- posted content
- Language
- en
- Open access
- green
- doi.org
- Locations
- SSRN Electronic Journal (publishedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Insurance and Financial Risk Management
- Social Sciences › Business, Management and Accounting › Marketing › Consumer Market Behavior and Pricing
- Social Sciences › Safety Research › Ethics and Social Impacts of AI
- Keywords
- insurance pricing, price regulation, fairness, accountability, welfare analysis, demographic parity, automobile insurance, compulsory insurance, voluntary insurance, market competition, monopoly, consumer welfare, firm profitability
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