Imagine that you are a manager in the insurance company (Insurance Co.) and you work in the financial department of the firm. It is the of the financial year of 2017 and you are preparing the financial statement and strategy for Insurance Co.

The following events are happen in the financial year 2017:

1. There was flood a flood in insurance co. And the IT department experienced severe damages (loss of servers and hard drives
2. one of you clients acquired a major enterprise and is now the biggest player on the market (client 1) he had however insured himself from the risk of losing the company's goodwill since the entity he obtained has some controversial reputation
3. there was a car accident,where two shareholders of legal entity (client 2) took part, one of them is coma - Mr. justin and insured in your firm . The other mr. parker died (he was insured in insurance co.) they both had 50% of shares of their business and the legal statute of the firm there are no provisions stating who is in charge of the company in such situation. The company is insured at the firm of you competitor- noninsurance Inc.

please assess what are:

a) the risk for insurance co?

b) will Insurance co. End the financial year with profit or loss? Give the possible options

c) what measures would you as the financial manager undertake to improve the condition of the company for the next year?

discuss each possibility