RGA lacked a consistent way to prove AI fairness. A new playbook now standardizes bias testing for predictive models.
A global reinsurance company focusing on life and health solutions builds predictive models using vast amounts of international consumer data to help carriers assess risk.
Regulators are increasingly scrutinizing AI for potential bias in pricing and coverage, particularly regarding the use of external data sources. The...
“Frameworks and controls are often used as a way to mitigate downside risks and meet regulatory requirements, but they are also the enabler for seizing upside potential. Equipped with this new playbook, RGA will be able to continue its legacy of innovation in a way that clearly outlines its approach to fairness for their clients’ applicants and policyholders across all demographic backgrounds. They know how to develop better pricing and better underwriting with technology — fairly — to make financial protection more accessible to all and provide people the insurance they need to help them lead longer more fulfilling lives.”
Global life and health reinsurance provider of risk and financial solutions.
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