Why is a war an uninsurable risk?

A war is considered an uninsurable risk because it involves unpredictable and catastrophic events that can lead to widespread destruction and loss, making it difficult to calculate potential losses accurately. Insurance relies on the ability to assess risk and establish premiums based on statistical data; however, wars can have varying causes, durations, and impacts, defying reliable forecasting. Additionally, the scale of potential damages can exceed the financial capacity of insurers, leading to insolvency. Lastly, the moral hazard of insuring against war could encourage reckless behavior or escalation of conflicts.