A Fair Price to Pay: Exploiting Causal Graphs for Fairness in Insurance

Olivier Côté, Marie-Pier Côté, and Arthur Charpentier

Published in Journal of Risk and Insurance, 2025

A causal graph tailored for insurance gives formal definitions of direct and indirect discrimination, and sorts fair pricing methodologies into five families by the fairness properties they can deliver.

Talks (13)
BibTeX
@article{Cote/etal:2024,
author = {Côté, Olivier and Côté, Marie-Pier and Charpentier, Arthur},
title = {A fair price to pay: Exploiting causal graphs for fairness in insurance},
journal = {Journal of Risk and Insurance},
volume = {92},
pages = {33-75},
year = {2025},
keywords = {bias, causal inference, directed acyclic graph, discrimination, disparate impact, fairness criteria, score},
doi = {https://doi.org/10.1111/jori.12503},
url = {https://onlinelibrary.wiley.com/doi/abs/10.1111/jori.12503},
eprint = {https://onlinelibrary.wiley.com/doi/pdf/10.1111/jori.12503}
}