(b) Suppose CHUBBA Insurance sold the tuition income insurance to 30 universities in the US in 2019, what are the major additional risks that CHUBBA Insurance was exposed to during the COVID-19 period? (4%) (C) Suppose CHUBBA Insurance charges the same price to all universities for the tuition income insurance. Consider two universities in the US, H and P. H University is a world leading university with a diverse student composition and more than 50% of students come from abroad. P University is a liberal-arts college that has more than 95% of the students coming from the US. i. Do you think H University or P University will buy more tuition income insurance? (2%) ii. Do you think it is a good idea for CHUBBA to charge all universities the same premium rate? (2%) iii. Give two pieces of advice to CHUBBA Insurance on its underwriting (4%) (For each of the above questions in (c), do not spend more than three sentences) Answer: MAY 10 You are screen sharing A Stop Share w DOLL 10-15 at 10- (b) Suppose CHUBBA Insurance sold the tuition income insurance to 30 universities in the US in 2019, what are the major additional risks that CHUBBA Insurance was exposed to during the COVID-19 period? (4%) (C) Suppose CHUBBA Insurance charges the same price to all universities for the tuition income insurance. Consider two universities in the US, H and P. H University is a world leading university with a diverse student composition and more than 50% of students come from abroad. P University is a liberal-arts college that has more than 95% of the students coming from the US. i. Do you think H University or P University will buy more tuition income insurance? (2%) ii. Do you think it is a good idea for CHUBBA to charge all universities the same premium rate? (2%) iii. Give two pieces of advice to CHUBBA Insurance on its underwriting (4%) (For each of the above questions in (c), do not spend more than three sentences) Answer: MAY 10 You are screen sharing A Stop Share w DOLL 10-15 at 10