Tendency of people who expect loss to take insurance eagerly leading to loss to the insurer
Tendency of people to go for small amount of insurance
Tendency of people who have good health to go for insurance
Non evincing keen interest in buying an insurance
✅ The correct answer is A.
Anti-selection means Tendency of people who expect loss to take insurance eagerly leading to loss to the insurer. Anti-selection is the tendency of people, who suspect or know that their chance of experiencing a loss is high, to seek out insurance eagerly and to gain in the process.
Anti-selection means Tendency of people who expect loss to take insurance eagerly leading to loss to the insurer. Anti-selection is the tendency of people, who suspect or know that their chance of experiencing a loss is high, to seek out insurance eagerly and to gain in the process.