Tomorrow, I will give a talk for the “pricing seminar” of a major insurance company. The slides are available online, and it will be on “Actuarial Pricing Discrimination and Fairness“. As always, my talk will explore why actuarial pricing inherently relies on discrimination between groups, and how this raises deep conceptual, legal, and ethical challenges. The objective is to understand both the mathematical foundations of “fairness” and the regulatory tensions that emerge. The starting point is that actuaries generalize from groups to individuals, transforming … …