تحليل وجود كژ گزيني در بازار بيمه عمر ايران

An Analysis of Adverse Selection in Iranian Life Insurance Market

The presence of the phenomena of adverse selection in Iranian life insurance market which is one of the side effects of asymmetric information causing inefficiencies and market failure is studied and examined in this research. To test the researchʹs hypothesis, i.e. presence of adverse selection, required data was collected from individuals with different risk aversion levels through cluster sampling. The presence of this phenomenon was confirmed in Iranian life insurance market using the ordinary least square regressions. The results show factors like gender, doing hard and risky activities, risk level, that monthly salary of a family and illness and individualsʹ prediction of their healthy life span confirms the presence of adverse selection. On the other hand, the phenomenon called advantageous selection is confirmed by variables such as education, worry for future and law-breaking behavior.