What is adverse selection in insurance?

What is adverse selection in insurance?

Key takeaways:   Adverse selection in insurance is a situation where people living a high-risk lifestyle or one’s in dangerous jobs take life insurance for protecting themselves from the coming risk.  Another definition of anti selection in health insurance is...
The ABCs of Claim Process You Need to Know

The ABCs of Claim Process You Need to Know

The demand for getting insured has a lot to do with an insurance company’s claim process. People’s perception of an insurance company’s claim process is that of a tedious task. To make their products more appealing, insurance companies seek to include a seamless claim...