The Fair Pricing Playbook

Fei Huang, associate professor in the School of Risk and Actuarial Studies at UNSW Business School, presents The Fair Pricing Playbook, an open-source practical framework that translates research from actuarial science, economics, statistics, and machine learning into a concrete four-step workflow: defining a fairness criterion appropriate to the regulatory context, building a fair pricing model that meets it, measuring the welfare implications for consumers and the firm, and auditing a deployed system. Drawing on recent work in anti-discrimination insurance pricing, fairness testing, and welfare analysis, the talk examines how fairness objectives can be meaningfully and responsibly integrated into modern data-driven pricing systems. Recorded at the Responsible AI & Analytics for Insurance Workshop, hosted by the Wharton School and UNSW Business School on June 9, 2026. Learn more: https://ai-analytics.wharton.upenn.ed...