We study the optimal insurance design problem. This is a risk sharing problem between an insured and an insurer. The main novelty in this paper is that we study this optimization problem under a risk-adjusted premium calculation principle for the insurance cover. https://www.bekindtopets.com/hot-save-Fresh-n-Clean-Scented-Shampoo-15-1-Concentrate-Crisp-Linen-Gallon-great-choice/