Fair Ratemaking for Catastrophe Insurance
Catastrophe insurance is an important element of disaster management. Yet the historical presence of inequalities in insurance, from redlining to pricing disparity, has had a devastating impact on minority communities. In an article forthcoming at Information Systems Research, we drew from the recent advances in machine learning to mathematically and empirically study the fairness of ratemaking methods for catastrophe insurance.
We will post a link to the article as soon as it is published online.