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To punish risk increasing behaviours?
To make insurance aﬀordable?
(e.g. by exluding high risk proﬁles - high ﬂood areas)
To manage capital (the risk bearer) eﬃciently?
(actually know the amount of risk the company has taken)
To increase market share?
To avoid bad risks?
But is this fair? desirable?
5/20 Actuarial Statistics – Module 4b: Ethical perspectives
Moral awareness in context: Actuarial applications
Discrimination in insurance Legal framework
“The Anti-Discrimination Act 1977 (NSW), when originally
enacted, prohibited discrimination on the grounds of race, sex or
marital status in the areas of employment, the provision of goods
and services and accommodation, and on the ground of race in
education. ... The scope of the Act has been signiﬁcantly widened
over the years, and the original enforcement mechanisms have been
replaced by the establishment of an Anti-Discrimination Board to
administer the Act and receive and conciliate complaints, and the
Equal Opportunity Tribunal to...
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This document was uploaded on 04/03/2014.
- Three '14