An insurance program that forcibly takes your money and gives it to others is not insurance by any definition.
I left out the word, “compulsory.” It’s a compulsory insurance program. And all insurance programs transfer money from some premium payers to other premium payers, depending on who is receiving benefits at any point in time.
You explanation of insurance is inaccurate. Insurance companies do not transfer money. They spread the specific risk of various hazards across a larger group.
Social Security is not insurance because it does not spread risk and it is not insuring against risk. With insurance very few people will ever collect. Most people will pay a nd collect nothing. Insurance companies do not simply move monet from one payer to another.
Compulsory means taking by force. Your use of the word only highlights that force issuing used to take from one person and give to another.
This line of reasoning sounds like Orwellian.