[dboshardy]

Insurers have to publish how they calculate rates and premiums. Every method and justification has to be approved by state regulators before they even enact them. It's one of the most transparent industries already.

[Loughla]

I would argue that actuarial tables, equations, and formulas are not necessarily transparent for 95% of the population.

[runako]

This is an astute summary of the practical effect of transparency in consumer-facing markets.

The information is there, therefore it is transparent. It's sort of on you if you are unwilling take it as a second job and/or hire a suite of professionals to help you understand.

[lotsofpulp]

That is just changing the definition of transparency. Transparency means the information is readily available. The math isn't there to obfuscate the information, it is the information.