RT-7 - The Actuarial Profession’s Role in the Emerging Field of Algorithm Auditing [Sign Up Required]

As AI and decision support algorithms have gained widespread adoption, discussions of the need to reflect societal values in these algorithms have entered the mainstream. Actuaries have long confronted an antecedent to this broad topic: the need to balance actuarial fairness with broader notions of societal fairness reflected in insurance regulations. This, plus the actuarial profession’s status as a data science community with standards of practice, experience working in regulated domains, and an ethos of public service arguably places it in a strong position to playing a leadership role in the emerging field of algorithm auditing. This roundtable will be an opportunity to review case studies; discuss recent developments in regulation and academic research; and ideate the roles the actuarial profession might play in systematizing and professionalizing algorithm auditing in the insurance domain, and possibly beyond.

Optional pre-read: https://hbr.org/2018/11/why-we-need-to-audit-algorithms

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