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Adverse Selection
(redirected from Antiselection)

    Also found in: Medical, Wikipedia 0.06 sec.
Adverse Selection
1. The tendency of those in dangerous jobs or high risk lifestyles to get life insurance.

2. A situation where sellers have information that buyers don't (or vice versa) about some aspect of product quality.

Notes:
1. In order to fight adverse selection, insurance companies try to reduce exposure to large claims by limiting coverage or raising premiums.

Adverse selection
Refers to a situation in which sellers have relevant information that buyers lack (or vice versa) about some aspect of product quality.
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? Mentioned in ? References in periodicals archive
 
This underwriter would broadly define antiselection as a state that exists when the proposed insured is aware of facts in his health habits (or lack thereof), medical history, avocations, and other scenarios that are intentionally not disclosed at the time of application.
Two faces of nondisclosure: asking the right questions--and doing it ... by George, Hank / Best's Review
The new process maximizes detection of antiselection and fraud while increasing underwriter efficiency.
Prudential Financial Among First in the Insurance Industry to ... by Business Wire
Companies also should consider how changing their underwriting requirements might influence the risk of antiselection and how antiselection may change the frequency of an impairment among those applying for insurance.
Reassessing underwriting strategies: protective-value studies can ... by Engman, Martin / Best's Review
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