Many insurers, although starting to use telematics in pricing decisions, still mainly rely on proxies like credit score and employment status. Carrier Management discusses how InsurTech innovation by companies like Loop and Buckle are trying to move away from this practice. However, the question about whether using credit score as a proxy penalizes some customers or is discriminatory is up for debate. Regulators have refuted this claim. Dr. Robert Hartwig agrees and highlights, “It’s important to understand that no insurer knows the race of anyone applying for insurance; this information is not collected. The industry is 100 percent race blind. It has always been that way and always will be.” Read the entire article here.