Tim Rozar, FSA, MAA, CERA, FLMI
Vice President and Actuary, RGA

Insurance consumers have an information advantage over insurance companies: they know more about themselves than the insurance companies could possibly hope to. This simple fact has a profound impact on the risk assessment process in the insurance industry. This session will provide a framework to better understand the impact of asymmetric information on the life insurance market by providing concrete examples of adverse selection and suggesting some ways to bridge the information gap between applicants and insurers.