After several rounds of interview, you are successfully appointed as the Risk Manager of Delta Life Insurance Company. The board of directors of the Insurance Company have decided to modernize its Risk Management Strategies. As the newly appointed Risk Manager of the Insurance Company, you are tasked to prepare a report to the board of directors with an Evaluation of its Current Risk Management Approaches and Provide Recommendations for further improvement. Additionally, you are also required to suggest strategies to deal with COVID-19 which is currently not included in the bank's risk management strategy.

As the newly appointed Risk Manager of Delta Life Insurance Company, you are required to write a report - fully referenced, and address the following:

1.History of the Insurance company and Identify the Products and Service providing by your selected Insurance Company.

2.Critically evaluate the Financial Performance of your Selected Insurance company for last five years.

3.Identify and analyze the key risks faced by the Insurance Company.

4.Give your recommendations or suggestions for betterment of the Insurance company like your selected one.