Data-Driven Pricing Models – Are They Fair?
Data-driven pricing is being hailed as the next big thing in insurance. Predictive models, telematics, credit scores, and lifestyle analytics let carriers fine-tune risk and keep premiums competitive. But here’s a question more and more people —regulators, consumers, and even insiders – are asking: does “data-driven” pricing automatically mean it’s fair? The Promise of Precision […]