Using various tools reliant on data, individuals and businesses strive daily to make decisions which mitigate risk as best as they can. One of such common place tools is Insurance.
The concept of insurance is based on shared risk protection and this “protective cushion”, spread across a pool of individuals or entities, in the event of loss, the pool would have secured safety for the “one or few”. This protective cluster effect helps society to forge stronger projections of the future. Sadly, insurance does not provide a financial cushion from losses caused by “acts of God” (storms, lightning strikes, hurricanes, etc.), acts which man seemingly has no control over.