Actuaries Argue For Credit Scoring
To The Editor:
Mr. Bock's letter challenging the validity of insurance scoring (NU, July 28, page 32) shows commendable actuarial instincts, but he draws a number of questionable conclusions, specifically that:
The predictive accuracy of scoring models is in question simply because all insurers do not reach the same score from the same information;
The scores emerging from models are tainted due to the relationship between creditworthiness and the average policy size purchased by the insured;
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