Insurance and discrimination, what role for actuaries?

This post was initially published in French in September 2021. The essential role of an actuary in charge of pricing is the segmentation of the portfolio (or “insurance classification” in English), corresponding to a discrimination activity (mathematically speaking) in the sense that the actuary will look for the most “discriminating” variables, to explain another one (in relation with the loss experience). But in the legal sense, discrimination is forbidden by law, which places the actuary in an often delicate and complex position. Ethnic and … <a …