As a former insurance sales person I resemble that remark. I was always trying to help people.
But in this case they are talking about the actuarial tables and the insurance company is paying out way more claims than they are supposed to in this age group. They are saying something is wrong. They’re not trying to sell you insurance they’re trying to tell you that they are in trouble and so is our society. This is unprecedented.
The CEO of an insurance company primary job is profit. Past is past and profits already baked in. Excess mortality costs likely shared with others. Selling new employer groups or raising premium on existing in competitive situations is where the CEO makes the biggest impact, not from crying about past.
Dont assume he isn’t leveraging covid price increases like every other company.
I'd like the numbers that indicate just what 'way more' means.