My simplified take on phases, is that when we eat the saliva contains Amylase which tells the system fuel is on the way. So the pancreas releases some Insulin to start working. Then when the body can better detect the levels of Glucose the second phase kicks in to regulate the blood sugar levels. Obviously with Insulin resistance the expected output of Insulin doesn't work as expected, so more is needed to do the job. Hence Hyperinsulimia. As type 2 our levels drop slower than they should as resistance means it takes longer to deposit the Glucose within the tissues.
This to my mind is why low carbing works so well , as we are reducing the Glucose load to a level our second phase response actually handles. Although we still have the slower drop of levels due to resistance, but an insufficient rise to kick in even more Insulin secretion.