Life insurers adapt pandemic risk models after claims jump (Post Vaccine Claim Skyrocket)

UK Yahoo Finance ^ | 01/13/2022 | Carolyn Cohn and Noor Zainab Hussain

[Jan_Sobieski]

LONDON (Reuters) - A coronavirus pandemic which lasts five years, another pandemic in a decade, and ever more transmissible variants are among the scenarios life insurers are predicting after COVID-19 claims jumped more than expected in 2021.

The global life insurance industry was hit with reported claims due to COVID-19 of $5.5 billion in the first nine months of 2021 versus $3.5 billion for the whole of 2020, according to insurance broker Howden in a report on Jan 4, while the industry had expected lower payouts due to the rollout of vaccines.

"We definitely paid out more than I had anticipated at the beginning of last year," said Hannover Re board member Klaus Miller.

The increase in claims was largely down to the emergence of the Delta variant, twice as transmissible, and more likely to cause hospitalisation than the original coronavirus strain.

Claims rose most in the United States, India and South Africa due to the more lethal variants and a rise in fatalities or illness among younger and unvaccinated groups.

Dutch insurer Aegon, which does two-thirds of its business in the United States, said its claims in the Americas in the third quarter were $111 million, up from $31 million a year earlier. U.S. insurers MetLife and Prudential Financial also said life insurance claims rose. South Africa's Old Mutual used up more of its pandemic provisions to pay claims and reinsurer Munich Re raised its 2021 estimate of COVID-19 life and health claims to 600 million euros from 400 million. The long-term nature of life insurance products – often lasting 20 years or more – means premiums are not yet capturing the risk that deaths or long-term illness from COVID-19 will likely remain higher than previously estimated. Competition in the industry is also keeping a lid on premiums…

[Reno89519]

They don’t have to ask you to divulge your jab status, all they have to do is take a blood test and they can verify whether you’ve had Covid or not, if you’ve gotten one of the experimental vaccines, etc.

[Gritty]

I’m interested in any reliable statistics (full data set) that support that concept. It is hard to find.

Good luck on that in the USA. As you probably know, people are officially considered "unvaccinated" until 14 days after their 2nd shot (or subsequent booster). That's when many of the deaths happen which are considered "unvaccinated" deaths. That skews the data tremendously - what little there is of it. Other deaths are not even considered as "vaccine" related when they really are because there is no autopsy or genuine causation investigated.

That is not a data design flaw. It is a feature which provides cover for the horrendous "vaccine" deaths and Big Pharma/CDC and allows them to continue on their merry way.

[Myrddin]

Clif High has friends inside a couple insurance companies as a consequence of writing actuarial software for them over the years. One firm said their payouts are up 40% in 2021 vs 2020. Another said 87% for their firm. It's much more serious than publicly acknowledged.

[GOPJ]

Thanks for the ping.

[Trillian]

And they’re all still pushing the shots.

[Keyhopper]

Consider this.....
What if they deny the claim as it was an experimental drug not approved by the FDA.
Wait until they get to the health insurance and deny the claim. What happens to all the people sick and injured?
Put them all on social security? Yeah that’ll collapse the system even faster.