Verisk Launches Solution For Insurers To Assess Underwriting Models And Variables For Unfair Discrimination
Portfolio Pulse from Benzinga Newsdesk
Verisk has introduced a new solution designed to help insurers evaluate their underwriting models and variables for any signs of unfair discrimination. This tool aims to ensure that insurers comply with regulatory standards and maintain fair practices in their underwriting processes.
November 15, 2023 | 12:17 pm
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Verisk Analytics, Inc. has launched a product that assists insurers in detecting unfair discrimination within their underwriting models, which could enhance the company's reputation and product offerings in the insurance industry.
The launch of a new solution by Verisk is likely to be viewed positively by the market as it addresses the growing need for ethical underwriting practices in the insurance industry. This could lead to increased adoption of Verisk's services, potentially improving the company's financial performance in the short term.
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