

We need to get Lindybeige in here
Growing up I always learned (I think) the “insert missing text” symbol was shaped like the one in the pic, like a caret symbol.
The odd thing is I also remember the caret and inserted word being at the top like in OP’s image, but style guides I can find now show the caret at the bottom and the inserted text at the top.
https://books.byui.edu/fhgen_110_textbook_/chapter_16_deciphering_elements_of_handwritten_records#%3A~%3Atext=are+shown+here%3A-%2CInserted+Words%2Cadded+on+the+line+ above (search for caret)
https://grammarist.com/editing/proofreading-editing-marks-symbols/
Wikipedia seems to indicate using a downward facing caret, or a caret with an extra upward arm https://en.m.wikipedia.org/wiki/Caret_(proofreading)
TIL!
All that to say the formatting of OP’s pic, no matter the direction of the arrow/caret, makes it hard to read. A little “don’t dead open inside” or something.
Edit to add: This one shows it the way I remember it https://dmlfnsgrade9isawesome.weebly.com/editing1.html
The USA can join the Commonwealth by becoming a Territory of Canada. Just give us a sec while we change the rules on representation in the house of Commons.
The Kite Runner is a great book that describes this but in Afghanistan.