On September 13, 2021, after Apple's security team spotted a spyware that can easily and quickly infect apple products, Apple worked nonstop to develop a fix and issued emergency software updates to their users. The risk management method Apple implemented in this case is

Retention.

Loss prevention.

Loss reduction.

Non-insurance transfer.

Which of the following is (are) the main reason(s) for why insurance is not a good solution to manage the high frequency and high severity risk?

I. The premium will be prohibitive and very few people can afford it.

II. Retention is the best strategy to manage the high frequency and high severity risk.

Group of answer choices

I only.

Neither of them.

I and II only.

II only.