Algorithms play a crucial role in determining everything from social media feeds to insurance premiums. However, as powerful as they are, these algorithms can inadvertently perpetuate biases, especially in auto insurance pricing. Traditionally, insurers rely on demographic markers and even credit scores to assess risk – variables that can unfairly penalize certain individuals and lead to discriminatory pricing.
Telematics, a technology that collects real-time driving data, offers a solut