Catastrophic event; reminds me of black swans. The more catastrophic, the rarer, but also well be the one with the most damage. As every insurance is itself ins

Catastrophic event; reminds me of black swans. The more catastrophic, the rarer, but also well be the one with the most damage. As every insurance is itself insured, I'd say if there is something really catastrophic, all crashes and no-one gets money at all. Financial insurance also build a corset to let the card castel grow higher, until it falls apart on the floor. Idea taken from Antifragile.