SA Logistix is a transport company that operates across South Africa. The company has a fleet of specialised ve foodstuffs, chemicals, and hazardous products. The company is preparing for the annual insurance review. The Board of SA Logistix has instructed the Chief Fin appropriate risk financing strategies for the fleet. To determine the risk financing alternatives, the CRO recomme be calculated for the fleet. The historical financial data of the fleet is incomplete and certain critical components need to be calculated. Cla per accident and for that reason it is important to include claims inflation in the data. For the purpose of this exe effect of exchange rate fluctuation. The board of Logistix stated in the last annual report that the company adop effect on claims inflation as 40% of claims cost is in foreign currency. Refer to the table for the annual inflation rate and appropriate exchange rate. The historical information available Question Calculate the total cost per event for the year 2013 by incorporating the information provided in the table above. a. R109000 b. R100 000 C. R60000 d. R40 000 Umda University is a privately owned education institution operating in four provinces of South Africa. The coun year ending July 2023, where the following documents were discussed: (1) Risk register (5 top risks)