1. A system comprising: (a) circuitry programmed or structured to perform particular functions pursuant to instructions of a program comprising computer-readable instructions operable to manage a virtual world configured to interact with at least two avatar players over a network; (b) circuitry programmed or structured to perform particular functions pursuant to a risk mitigation module operable to facilitate an arrangement that includes a risk distribution entity providing a benefit to an avatar player of the at least two avatar players upon an occurrence of a defined loss in the virtual world in exchange for a consideration that includes a virtual item having a substantial value and being provided by the avatar player of the at least two avatar players and in compliance with the terms of the arrangement, wherein the risk distribution entity includes an entity that distributes a virtual world risk of the defined loss among a plurality of avatar players; (i) wherein the defined loss in the virtual world is a defined loss of the avatar player; and (ii) wherein the risk mitigation module is operable to facilitate at least one of forming the arrangement, facilitating an interaction between the avatar player of the at least two avatar players and the risk distribution entity, creating the arrangement, negotiating a term of the arrangement, revising the arrangement, and resolving of disputes related to the arrangement; and (c) a computer storage medium operable to save a record of the arrangement.