Insurance companies have a great deal of experience in the business of pricing risk. If they could model the risk of insuring Cirrus aircraft as if they did not

Insurance companies have a great deal of experience in the business of pricing risk. If they could model the risk of insuring Cirrus aircraft as if they did not have parachutes, then a first-cut model for them with parachutes seems well within reach - just assume all in-flight incidents causing damage will be total losses!