Personally, I love Calad's Moth-Fortune Teller and Birkal's Magician because not only do they clearly show the Bug/Psychic theme, but Clairvoyance and magic are fairly risky as well, as they rely on manipulating others into believing fake things. In the same vein, I'm working on a Shamanistic Mantis
becuase not only does it run with the Bug/Psychic theme, but it looks at the "Tarot Card" reading psychic. The back and stomach symbols are skin to some of the symbols on tarot cards.
I think as a whole the "risk" factor could be shown better through the design with the mind-reader idea rather than with a generic, sleek "mystical" insect.
I'm not an artist and have never really drawn anything, so be kind, but if anyone else like the idea behind my design please feel free to extrapolate on the idea.
To re-iterate, I think a magician or clairvoyant themed bug is much more appropriate than just a alien-esque bug.