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Evaluating Bias Mitigation Strategies in AI Models for Insurance Pricing and Risk Assessment
Can an AI model deliver strong predictive accuracy while still relying on biased or distorted data?
In this episode of the Society of Actuaries Research Institute's Research Insights podcast, host Lisa Schilling, Director of Practice Research, welcomes researchers Hong Li, FSA, ACIA, and Jiangang He to discuss their report, Evaluating Bias Mitigation Strategies in AI Models for Insurance Pricing and Risk Assessment.
The conversation explores how measurement distortions and indirectly associated variables can affect insurance risk predictions, even when sensitive group labels are excluded from…
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