Claiming that insurance float is mainly a contingent liability is an oversimplification that goes against historical precedent.
Historically, insurers have always managed this float as a strategic resource, not as a burden, which has been the playbook for decades.
Take Asian insurance giants; their growth has long depended on their ability to transform premium flows into yield-generating investments, even in the face of claims obligations, rather than considering it as simple debt. It is a proven strategy that has stood the test of time.