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1. a) Discuss reasons why Africa lags behind in risk management than the countries of the west. (10 marks) b) Describe four methods of non-insurance

1. a) Discuss reasons why Africa lags behind in risk management than the countries of the west. (10 marks) b) Describe four methods of non-insurance transfers that are used for mitigation of losses under the risk management function. (10 marks) c) Distinguish between loss frequency and loss severity. (5 marks)

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