Additional Consideration in Data Science

Issue Brief

Defining Big Data

The Data Science and Analytics Committee released an issue paper, Defining Big Data. The paper is intended to build a shared language and concepts of big data and associated themes for the actuarial…

Issue Brief

Discrimination: Considerations for Machine Learning, AI Models, and Underlying Data

This issue brief defines discrimination (including distinguishing between discrimination, unfair discrimination, and unjust discrimination); presents practical methods for testing and monitoring…

Issue Brief

An Actuarial View of Data Bias: Definitions, Impacts and Considerations

This issue brief examines the key types of data bias that actuaries may encounter and focuses on the kinds of biases found in modeling data and the implications for algorithmic outcomes.