In the world of private insurance, most companies wouldn't be large enough to take on all that risk. They sell that reinsurance risk to reinsurers around the world. You get a better reinsurance rate based on your client book claiming less and on spread of risk. If you only have a very concentrated group of farms in southeast Saskatchewan, you're going to pay more reinsurance. If you have farmers all the way across the country—B.C., Manitoba, Saskatchewan, Alberta and out east—you can see better reinsurance rates, because the total claim across the whole country will be less than for a specific region.
I think it's a critical piece for the catastrophic risk—the one-in-50, one-in-100, one-in-200 risk—for both the government and the private sector.