How does that work in practice? Do insurers have to share their models with the ... | Hacker News

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		StackRanker3000 10 months ago \| parent \| context \| favorite \| on: Allstate used GasBuddy and other apps to track dri... How does that work in practice? Do insurers have to share their models with the regulator?

bkberry352 10 months ago [–]

Yes, models have to be shared with regulators and the regulators have to be convinced that the premiums insurers wish to charge are actuarially justified (supported by the data).

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