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April 20 2023

Booting Out Prejudice from Insurance

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Accusations of unfair discrimination due to bad data entry have popped up in banking. We wanted to know what the insurance industry is doing to prevent that from happening to them.

According to Tom Clay, who leads data science at Covéa, their teams spend a long time trying to establish what data is used when analysing a fraudulent claim. To avoid taking biases and prejudices into account when establishing a conclusion they’re quick to look at the hard data they have, rather than external statistics.

This provides a sensible baseline of data to work from and can avoid unnecessary slip ups.

“When you start with people… that’s where you get fair data and route out obvious biases and prejudices.”

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Tom Clay

Covea Insurance

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Covea Insurance | Fintech Finance

Covea Insurance
  1. EXCLUSIVE: “Stable & Secure?” – Simone Loefgen, Commerzbank in ‘Discover Sibos 2025’

    Discover Sibos 2025

     Read more
  2. CBI Drives Verification of Payee Compliance in Italy

    Fintech TV

     Read more
  3. Lastro Secures $15M Series A Led by Prosus Ventures to Scale its AI Agent, Empowering Over 2M Homebuyers

    Funding

     Read more
  4. Evertec Announces Closing of Controlling Stake in Tecnobank, Expanding Product Offering in Brazil

    Fintech

     Read more
  5. EXCLUSIVE: “Scaling Safely – Without Debanking” – Imam Saygili, Flagright in ‘The Fintech Magazine’

    The Fintech Magazine

     Read more
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