3 ms·

Force majeure. If that would not be in insurance agreements then every insurance company in the world could go broke in case of a pandemic.

• joquarky 7y ago
  Shouldn't actuaries take this possibility into account?
  • mongol 7y ago
    I am sure they do and that is why it exist. Basically, it is an exemption for Black Swan events that affects a lot of people at the same time.