Fair Active Learning: Solving the Labeling Problem in Insurance
This addresses fairness issues in the insurance industry, but it is incremental as it builds on existing active learning techniques.
The paper tackled the problem of achieving fairness in machine learning models for insurance by introducing a fair active learning method that balances predictive performance and fairness, as demonstrated on insurance datasets.
This paper addresses significant obstacles that arise from the widespread use of machine learning models in the insurance industry, with a specific focus on promoting fairness. The initial challenge lies in effectively leveraging unlabeled data in insurance while reducing the labeling effort and emphasizing data relevance through active learning techniques. The paper explores various active learning sampling methodologies and evaluates their impact on both synthetic and real insurance datasets. This analysis highlights the difficulty of achieving fair model inferences, as machine learning models may replicate biases and discrimination found in the underlying data. To tackle these interconnected challenges, the paper introduces an innovative fair active learning method. The proposed approach samples informative and fair instances, achieving a good balance between model predictive performance and fairness, as confirmed by numerical experiments on insurance datasets.