Explore adverse selection in insurance, identify risks, and learn how insurers safeguard against it. Understand premium impacts and protection strategies.

In an extreme case, the poor risks will be the only purchasers of coverage, and the insurer can expect to lose money on each policy sold. This situation, referred to as adverse selection, occurs when ...

Adverse selection, a concept economists devised to explain insurance market failures, might seem far removed from the grand chessboard of geopolitics. Yet at its core lies a simple and unsettling ...

Have I got a deal for you! I've got this great used car, and I might be willing to sell. The actual value of the car depends on how well it has been maintained, and this is known only to me; expressed ...