The secondary insurance market acts internationally (risk diversification) and is the one jumping in case of such large scale scenarios. I.e. premiums gathered for coverage of catastrophes worldwide which didn’t occur are used to pay out the ones that did.
A gov wouldn’t have this possibility, not without recurring to a secondary insurance market. Thus, as single risk carrier, risk considerably increases for the gov.
_noelamac_
npub1mx…6n7uy
2024-12-08 06:56:14 UTC
in reply to nevent1q…fhfu
Author Public Key
npub1mxwgwwrukm3fh335fz0s25pjffvfv460kpgjyarlat2fg4rzavjq76n7uySeen on
wss://relay.momostr.pinkPublished at
2024-12-08 06:56:14 UTCEvent JSON
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