Insurance is about pooling risk to allow people to reduce the variance/value at risk/etc of their costs, while holding the expected value of their costs constant.
You are describing a forced redistribution scheme, which perhaps devotes a slim minority of it's revenues to insurance. It's deceptive to describe such a scheme as insurance - you might as well describe the mafia as a pizza business, since a small amount of their revenues are laundered through a pizza shop.
You are also utterly mistaken about what charity is. Charity is the practice of benevolent giving. You are describing taking money from people by force and giving it to other people.
You are describing a forced redistribution scheme, which perhaps devotes a slim minority of it's revenues to insurance. It's deceptive to describe such a scheme as insurance - you might as well describe the mafia as a pizza business, since a small amount of their revenues are laundered through a pizza shop.
You are also utterly mistaken about what charity is. Charity is the practice of benevolent giving. You are describing taking money from people by force and giving it to other people.