Global life insurance companies are offering us one of the first pieces of hard evidence, that people died in huge numbers in 2021.

Scott Davison, CEO of OneAmerica, was the first to send shockwaves through the Life Insurance industry, when he reported on 4 January 2022 that US deaths had jumped 40% in the third quarter of 2021.

“What we are seeing right now” Davison said, are “the highest death rates we have seen in the history of this business – not just at OneAmerica.”

“The data is consistent across every player in the business.”

Even more shocking, was his comment that the “huge, huge numbers” of deaths “were primarily NON-COVID DEATHS AMONG WORKERS AGED 18 THROUGH 64, who were the employees of companies that have group life insurance plans through OneAmerica.

“Just to give you an idea of how bad that is, a three-sigma or a one-in-200-year catastrophe would be 10% increase over pre-pandemic,” he said.

“So 40% is just unheard of.”

Insurance broker Howden, released a new report shortly afterwards, showing  that the global insurance industry had been hit with life insurance claims of US$5.5billion for just the FIRST NINE MONTHS OF 2021, compared to US$3.5 billion for the WHOLE OF 2020.

That’s a mammoth jump!

Many insurance analysts expressed shock, saying the whole industry had been predicting much lower payouts in 2021, 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.

Dutch insurer Aegon, said its claims in the third quarter totalled US$111million, compared to just US$31million in 2020 – a 3.5 x increase.

Global insurance companies, MetLife and Prudential Financial, reported big rises for 2021 also figures are pending, while South Africa’s Old Mutual said it had used all its ‘special provisions’ to pay claims in 2021.

In India, the Insurance Regulatory and Development Authority reported on the 14th of Jan, that death claims in 2021 rose 41% compared to only 11% in 2020.

One CEO said:


This is bombshell information.

Already, Big Tech and the international cabal operating under the flag of the “Trusted News Initiative” are busy ‘spinning’ the news, with “explanations” ranging from the predictable to the merely ridiculous, such as:

  1. People failing to go to the doctor in 2020;
  2. Covid-19 deaths being “under-reported” in 2021 (as if);
  3. Lockdowns causing poor lifestyle and eating habits; and
  4. Deaths in 2020 being people who don’t “typically hold life insurance”.

“Whatever helps get you through the night…”, I guess.

(NB: As usual, Australian figures are too out of date to judge whether same trend happened here)

Life insurers adapt pandemic risk models after claims jump


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