Comment Letter to CASTF Regarding the “Unknown Risk Characteristics in Personal Rating Lines” Exposure Draft

The Data Science and Analytics Committee (DSAC) submitted a comment letter in response to the NAIC Casualty Actuarial and Statistical (C) Task Force’s (CASTF) exposure draft, Unknown Risk Characteristics in Personal Rating Lines, raising important questions around missing data. DSAC addressed key concerns around fairness, transparency, and data integrity in insurance rating algorithms when consumer data is missing or incomplete.