Artificial intelligence is transforming insurance, and regulators are scrambling to keep up. In our latest cover story, Erin Lachen, FCAS, explores the patchwork of AI regulations emerging across the U.S. and the unintended consequences they may create for insurers. From varying definitions to differing bias-testing requirements, these regulations present challenges that could impact competition, compliance and fairness. Lachen delves into the question, “How should insurers navigate this evolving landscape?”
Rachel Hunter, FCAS, brings us the scoop on one of the newest papers in the CAS Research Paper Series on Race & Insurance Pricing, “Balancing Risk Assessment and Social Fairness: An Auto Telematics Case Study” by Jean-Philippe Boucher, Ph.D., and Mathieu Pigeon, Ph.D. — a paper that explores how telematics data can enhance fairness in auto insurance models.
You will also get to hear from our 2024 Volunteer Service Award winners about their journey with the CAS and what volunteering means to them. I would like to give special acknowledgement to Sara Chen, FCAS, for her incredible work with the Actuarial Review and for earning one of these prestigious awards.
We’re also featuring two member profiles in this issue. You will have the pleasure of meeting Professor Barry Posterro, FCAS, Worcester Polytechnic Institute’s first CAS Fellow. Posterro is at the forefront of advancing actuarial education at his institution in Massachusetts. You will also meet “The Maverick Actuary” himself, Dominic Lee, ACAS. Lee tells the story of how he got started and how he came to create his popular podcast while maintaining a content-rich social media profile across multiple platforms. He shares how his podcast ranked number one globally among actuarial podcasts in January 2024. Their stories and advice are inspiring.
Finally, don’t miss Annmarie Geddes Baribeau’s Top 15 Research Papers of 2024. Her succinct synopses and reasons to read will give you the insights you need to pick out the next paper for your reading list.
We hope you enjoy the issue!
