Currently working as a risk manager in a multi-mega-monster insurance company. We do a lot of analyses using the 99.5% value at risk, i.e., the value that there

Currently working as a risk manager in a multi-mega-monster insurance company. We do a lot of analyses using the 99.5% value at risk, i.e., the value that there is only a .5% chance of exceeding. 0.001% is well into the range in which the risk would just be ignored.