BigOrangMojo has mentioned insurance premiums as evidence that there is no increase in excess mortality (or something along those lines.) While we have vastly different opinions in regards to the safety of the MRNA Covid vaccine.
@BigOrangeMojo I do respect your opinion given your expertise and I'd love to know your thoughts on this article. Apparantly there still is an increase in excess mortality and we are way past the pandemic now.
From the article:
From a life insurer's standpoint, and those dealing in retirement and long-term care solutions, there's a larger conversation at hand. Can the industry handle a sudden spike in claims? The surge in excess deaths caught carriers off guard, and our aging population is becoming more susceptible to illnesses or passing due to natural causes.”
Chow said there’s a real question of whether the insurance industry can sustain the enormous payouts the excess mortality rates will dictate.
“The real concern for life insurers lies in preparing for an unexpected wave of death claims and the impact on their assets under management,” she said. “Do they have enough reserves to weather these outflows, given the excess deaths? It's not just about death or health. It is about the industry's ability and readiness to manage this monumental outflow.”
Capgemini just published its World Life Insurance Report that revealed the upcoming largest inter-generational wealth transfer in history that is expected to cause a massive outflow of nearly 40% of life insurers’ assets under management (AUM), totaling $7.8 trillion, by 2040.
“When we factor in the rise of payouts on death claims, the magnitude of the situation demands urgent attention by the industry,” the report said.