The whole “insurance price is determined by geniuses” thing is just bullshit. They benefit greatly from perpetuating the myth but never really demonstrate competence. Their calculations are very non-specific. For example determining risk by ZIP code in places where one side of the tracks/street/infrastructure built with structural discrimination in mind is just not granular enough. Another example would be that some model of vehicle came with optional emergency braking, but taking the option doesn’t change insurance calculations at all, but having the feature as standard for all models reduces the price for those models.

“Insurance actuaries are servants” is just an extension of the lie that “free” markets are 100% efficient and always correct.