Level 1 (summary)
Essence of “Discrimination and Insurance”.
- lack of clarity in definition of “unfair discrimination”. There are differing legal approaches in the way discrimination is handled in the EU and the US.
- gender-based pricing
- EU
- US
- proposes a Two-stage framework for evaluating discrimination
- there is a need for empirical-research to understand real-world costs of discrimination.
We require a well-nuanced1 and context-specific approach to determine what constitutes fair and just.
Two-stage framework
| Stage | Assesment | Meaning |
|---|---|---|
| One | Dentological assesment of fairness | Consider: CICPNP - controllability of characteristic - immutability - causal relationship to risk - predictive value - potential for perpetuating stereotypes - nature of discriminatory treatment |
| Two | Consequentialist evaluation of justice | Consider: SAIW- social costs of discrimination - adverse selection - impacts on primary behaviordoubt - welfare to the disadvantaged group |
Level 2 (details)
Examples, anecdotes and justifications mentioned in “Discrimination and Insurance”.
There are various examples talked about in the paper.
Level 3 (reflections)
Major key takeaways from “Discrimination and Insurance” and connections to other concepts.
Footnotes
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nuanced means having subtle details that makes it complex and interesting ↩