Question: Pls. define the information asymmetry and explain its consequences . Why would that create a problem in insurance sector , if it existed ? What

Pls. define the information asymmetry and explain its consequences . Why would that create a problem in insurance sector , if it existed ? What is the role of insurance companies in reducing this problem ? What is their main function ? How do they manage this ? What remedies do they have to solve this ? Pls. explain through some examples.

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