Striving for Equity: The Role of Data Providers in the Fairness Debates in Life Insurance Registration

Start Date:3/29/2023

Start Time:1:00 PM CDT

Duration:45 minutes

Abstract:

Credit-based insurance scores (CBIS) have had a positive impact in insurance markets, but at the same time some have argued that use of CBIS raises questions about fairness and equity. Consumer reporting agencies and insurers can play a role in ensuring continued use of CBIS is fair and equitable. In this webinar, TransUnion’s Jeff Reynolds will review an analysis that addresses questions of correlation and proxy effect between CBIS and race/ethnicity. This analysis provides valuable insights as the industry moves towards integrating fairness testing standards.

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Speakers

Jeff Reynolds

Vice President, Life Insurance Strategic Planning

TransUnion

Jeff Reynolds sets and directs company product strategies for the life insurance industry in the US and supports global product development. He’s focused on product innovation across the policy lifecycle and into adjacent insurance markets. He coordinates analytical work, provides input on regulatory matters, and acts as a subject matter expert for TransUnion sales teams and partners. Prior to joining TransUnion in 2008, Reynolds spent 16 years in various leadership capacities of insurance pricing, product development, management and marketing for American Financial Group, Superior Insurance and AIG. He holds a bachelor's degree in business administration from West Texas State University and an MBA in finance from the Duke University Fuqua School of Business.

Striving for Equity: The Role of Data Providers in the Fairness Debates in Life Insurance

Abstract:

Speakers

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