XYZ is a US university with 60% of students coming from overseas. In light of the increasingly tightening government student visa granting policy, the university finance office is worried about the potential drop in the number of overseas students, and wanted to hedge such risk. XYZ university was informed by the insurance broker AEON that CHUBBA Insurance is interested in launching an insurance product to cover the loss of university tuition income and meet the emerging market demand. (a) As an advisor for CHUBBA Insurance, you are expected to discuss with at least four points on whether or not tuition income loss insurance is attractive to the company. (14%) (b) If CHUBBA Insurance decides to launch this tuition income loss insurance, please suggest how CHUBBA Insurance should manage the potential risks associated with underwriting this new insurance business? (6%)