How can paying larger and more frequent claims, ‘Make money for insurers’? That is bizarre economics and a dreadful business plan.
Precisely they can't. They are making money as they're increasing everybody's to pay for it, if they didn't, it would as you say be a dreadful business plan. Smelling the coffee springs to mind.
It is true that insurers are ‘In it to make money’, as is your employer or, if you are self-employed, yourself. It’s a universal trend. Without ‘making money’ they go bust, eventually.
Correct so tell the truth, rather than pretend they're paying out more than they collect. As you've stated above it can't be the case or they'd go bust! They aren't going bust so it doesn't add up, like a lot of financial stuff these days, it's about making obscene amounts of money. The system is rigged to ensure they don't go bust and pass on the costs to those who pay but never claim, which will far out weigh those who do, that's how they make money!