For example, the use by some lenders of underwriting criteria or tools that have a disproportionately harmful impact on people of color, but that are not required to achieve any legitimate business necessity, unnecessarily block people from opportunities they should be able to access.
Hence, most health insurers do not acquire information about health status of applicants for supplementary insurance, and therefore cannot use selective underwriting as a tool for risk selection in basic health insurance.
A large property and casualty insurance company, for instance, invested several million dollars to create a new analytical tool for underwriting decisions.
Central banks have a natural bias in favor of controlled inflation as it increases the versatility of banking tools and underwrites the risk exposure that comes with leverage.
But it was the little-noticed tool of automated underwriting software that made that boom possible.
He is using this outfit (see adolescentwellness.org) to roll out across the country the child-focused mental health tools they've underwritten or developed in Boston.
Yet insurers, which focus on personal characteristics like credit scores when underwriting a policy, lack the measurement tools to assess the risk of someone's external environment.
[F]raud was not only present, but, in most cases, could have been identified with adequate underwriting, quality control and fraud prevention tools prior to the loan funding.
