Kin Insurance Product Manager interview questions

The initial process began with a recruiter responding to my application. Spoke with him in detail and discussed the typical next steps and benefits at a high level. Immediately after that, a call was set up to discuss the role with the hiring manager. Had a 30 minute conversation with her and she advised they would be giving me a take home assignment to complete and after that we would discuss it with a panel to work through my thought processes. Received the assignment on Monday, after messaging from the recruiter stated " *hiring manager* enjoyed speaking with you and let me know she'd like to advance you to the next step in our hiring process..." returned it Tuesday morning. The assignment took about 4 hours to write and ensure it was buttoned up for the panel review. On Wednesday, received a generic email from a no-reply address saying: "Thank you for meeting with ... and taking time to work on the case study for the Product Manager opportunity here at Kin. We have both enjoyed speaking with you and getting to know about your experience and aspirations. *hiring manager* and I had a chance to connect, and unfortunately we will not be advancing you to the next stage of interviews. We feel fortunate to have such a highly qualified group of individuals to consider, and are feeling more aligned with a few of the other individuals in the process at this time". This interview process is a farce in my opinion. Why would a candidate be asked to complete a multi-hour assignment and not even be brought in to discuss the work. IF there were some feedback besides the generic "we're so lucky to have so many candidates..." nonsense that gets thrown around in rejection emails, it would allow candidates to better understand the WHY behind the reason the company doesn't feel they are a good fit. None of that was given and it's a shame that the company cannot be transparent with candidates. *Update* The recruiter responded and provided additional context to their decisioning. It is counterintuitive to what the instructions within the assignment say as well as the messaging I received directly from the hiring manager, so all of the previously stated information remains accurate. Based on my experience, Kin appears to be terrified of making a decision on hiring candidates and in addition to offering below average wages within their compensation package, also has confounding communication throughout.