Answers needed for each part with step by step solution thanks :)

Discuss why the general insurance industry is able to exist and be profitable (5 Marks) i) Recently the risk of identity theft has increased due to people's increasing use of the internet. Discuss the problems that an insurance company may have creating a policy that protects people against identity theft (5 Marks) Two countries have opted for different forms of regulation for their general insurance industry. The first country only regulates the reserves that a country holds to ensure that it is able to pay for all claims in nearly all circumstances. The second country also sets maximum premiums that can be charged for policies. These premiums are reviewed annually il) Explain the advantages and disadvantages of the two countries' different approaches to regulation (6 Marks) iv) A fellow student has suggested that the rise of the internet as a sales channel in insurance and in particular comparison websites now means that insurance brokers are no longer needed in the insurance industry. Discuss why the student has reached this conclusion and whether you agree with them (9 Marks) Discuss why the general insurance industry is able to exist and be profitable (5 Marks) i) Recently the risk of identity theft has increased due to people's increasing use of the internet. Discuss the problems that an insurance company may have creating a policy that protects people against identity theft (5 Marks) Two countries have opted for different forms of regulation for their general insurance industry. The first country only regulates the reserves that a country holds to ensure that it is able to pay for all claims in nearly all circumstances. The second country also sets maximum premiums that can be charged for policies. These premiums are reviewed annually il) Explain the advantages and disadvantages of the two countries' different approaches to regulation (6 Marks) iv) A fellow student has suggested that the rise of the internet as a sales channel in insurance and in particular comparison websites now means that insurance brokers are no longer needed in the insurance industry. Discuss why the student has reached this conclusion and whether you agree with them (9 Marks)