Peddlers of tail-risk products like to compare them to insurance: investors pay premiums every year to avoid financial catastrophe later.

尾部风险产品的支持者喜欢将它们和保险比较：投资者每年支付保险费来避免金融灾难之后（种种问题）。

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In fact it was glad this year to get rid of Winterthur insurance, which it bought in 1997 in the hope of succeeding as a financial conglomerate; it didn't.

实际上今年瑞士信贷很高兴甩掉了1997年购入的Winterthur insurance，当时买下它是为了组成一个金融巨头，但收购并不成功。

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Peddlers of tail-risk products like to compare them to insurance: investors pay premiums every year to avoid financial.

尾风险产品的个人投资者喜欢拿它们和保险相比：投资者每年都需要付保险费以规避之后的金融灾难。有的人甚至能从中学到哲理。

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Since the financial crisis insurance costs have doubled from an average of roughly 0.12% of assets a year to 0.24%.

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