“never let a crisis go to waste”

This video highlights the emergence of catastrophe bonds, or cat bonds, as a lucrative investment opportunity in the world of Planet Finance. Cat bonds are designed to cover the damage caused by future disasters that traditional insurance companies cannot handle. The video discusses how complex computations and data analysis are used to calculate the probability of future disasters and the potential damage they might cause. Investors, including pension funds and insurance companies, are drawn to cat bonds due to their high returns and reliable investment options. The video also mentions the growing demand for cyber risk coverage and how cat bonds have well-defined triggers that determine when investors might lose their money based on specific disaster conditions. Overall, this section explores the flawed nature of the market for catastrophe risk and the limitations of traditional finance frameworks in dealing with unexpected catastrophic events.