Nov 30, 2021

The link between big data and racial bias in the world of insurance

Big data could illustrate racial bias in insurance. Getty Images

Also today: We discuss the effect of the omicron variant has had on the vaccine markets after warnings from Moderna's CEO. Also, today may be Giving Tuesday, but charitable giving is expected to be down after a record year.

Segments From this episode

Regulators look at how "big data" may contribute to racial bias in insurance rates

by Harriet Jones

Nov 30, 2021

Some advocates say the industry needs to move more quickly to address the issue.

While many insurance companies leverage big data and artificial intelligence to calculate insurance rates, advocates say it can produce disparities between urban and suburban residents. Above, a suburban neighborhood in Richmond, California, viewed from an Amtrak train.

Joe Raedle via Getty Images

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David Brancaccio Host

Victoria Craig Host, BBC

Stephen Ryan Senior Producer, BBC

Jonathan Frewin Producer, BBC

Daniel Shin Producer

Jay Siebold Technical Director

Meredith Garretson Morbey Senior Producer

Erika Soderstrom Producer

Rose Conlon Producer

Alex Schroeder Producer

Redmond Carolipio Digital Producer

Jesson Duller Media Producer

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