would like to develop a manual to Innovative Insurancethat includes an introduction which educates prospective customers about the function/purpose of insurance. How write a memo answering this questions:

1. What is risk, and what are some ways to cope with risk?
2. What were some early risk distribution mechanisms historically used prior to the development of insurance?
3. What are the benefits of transferring risk?
4. How big is the insurance industry in the U.S. today and how does it impact the U.S. economy in general?