[Insurance] 'Weighted' business/ annual premiums means what?

[bic_cherry]

[Insurance] 'Weighted' business/ annual premiums means what?

Why not just say nett increase (/decrease) insurance premiums collected. Sounds fishy to use the term 'weighted', did the insurer use different weights (rates of measurment) for different policies? Like that can its taxes paid to gahmen also change in 'weight' as and where it pleases?

Also, "2.99 million lives insured" is a deceptive figure because many rich people will have multiple life insurance plans bought for the purpose of tax (estate duties/ related) evasion etc/ inheritance purposes but poor people will have none. Insurers are just trying to obfuscate this fact to fake the impression that they greatly benifit society in general when they only benifit a small segment but 154th media is in cahoots with this deception. A better reporting style would be to say that 2.99 million life insurance plans are currently active/ in operation.

https://www.straitstimes.com/business/new-business-premiums-for-life-insurance-sector-jump-20

Premium
New business premiums for life insurance sector jump 20%
There was a slight shift of consumers' interest away from participating policies to both investment-linked insurance products (ILPs) and non-participating products like term policies.
There was a slight shift of consumers' interest away from participating policies to both investment-linked insurance products (ILPs) and non-participating products like term policies. PHOTO: ST FILE
PUBLISHED 14Aug 2018.

Boost from strong sales of ILPs and positive attitude towards protection and retirement needs
Lorna TanInvest Editor/Senior Correspondent
The life insurance industry put up a robust performance in the first half of this year, boosted by strong sales of investment-linked plans and a positive attitude towards protection and retirement needs.

Weighted new business premiums jumped 20 per cent to $2.02 billion from the same period last year, according to the Life Insurance Association Singapore (LIA).

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[bic_cherry]

Weighted is a common statistical term that are widely used in newspaper reporting, especially when citing indicators/metrics from reports. A lot of the economic indicators that are published regularly on newspaper are also weighted, and they also don't explain how the weighting was done, so this is not a reporter-specific or industry-specific problem.

And weighting was done not bcos ppl are overthinking, but bcos by not weighing, it is a mis-representation of the situation

Should not use 'weighting' to whitewash the figures/ obfuscate facts.

Like I said, can use like total premiums collect: den we know how much people are paying.

Otherwise, we have no idea how to interpret the report and it is wrong/biased for a state media news report to contain/defend hidden corporate interests, otherwise should rename SPH/Straits Times as a fake media/ puppet/ mouthpiece news organization.