MicroInsurance Centre

Glossary

All A B C D E F G H I L M N O P R S T U W
TermDefinition
Adverse Selection

Tendency of persons with a higher-than-average chance of loss to seek insurance at standard (average) rates, which, if not controlled by underwriting, results in higher-than-expected loss levels

All A B C D E F G H I L M N O P R S T U W

Sources:

http://www.insure.com/articles/interactivetools/glossary/glossary.jsp  - American Council of Life Insurance, Health Insurance Association of America, and Standard & Poor's

"Making Insurance Work for Microfinance Institutions: A technical guide for developing and delivering microinsurance". C Churchill, D Liber, M J McCord, J Roth. ILO 2003

http://insurance.about.com/od/insgloss/Glossary.htm

"Providing Insurance to Low-Income Households Part I: A Primer on Insurance Principles and Products". Brown, Warren.; Churchill, C. Bethesda, Maryland, USA: Microenterprise Best Practices (MBP) Project, Development Alternatives / USAID (2000)