Comment by DaedalusII

The insurance industry is a commercial prediction market.

It is often an indicator of true honesty, providing there is no government intervention. Governments intervene in insurance/risk markets when they do not like the truth.

I tried to arrange insurance for an obese western expatriate several years ago in an Asian country, and the (western) insurance company wrote a letter back saying the client was morbidly obese and statistically likely to die within 10 years, and they should lose x weight before they could consider having insurance.