You are the Insurance Underwriting Manager in Lusaka Insurance Company whose Company has set its mission as that of providing shareholders with maximum returns by creating superior customer experience using motivated staff. You are participating, as the Head of Department, in the formulation of a corporate strategy for the coming business year. The company has a wide range of insurance product coverage. Required: A. Justify with five (5) reasons why a General Insurance company would itself seek insurance cover? [5 MARKS] B. Outline and describe four (4) reserves that are held by insurers and briefly describe how each reserve helps insurers and regulators achieve the purpose for setting reserves. [5 MARKS] C. The underwriting policy of an insurance seeks to achieve corporate goals by linking the policy to the corporate goals. Describe FIVE (5) QUALITIES of a good underwriting policy. [5 MARKS] D. Explain five (5) loss exposures a Life Insurance company faces that are advisable for the insurance company to seek insurance. [5 MARKS] E. Explain and justify your answer with five (5) reasons how regulators of insurance industry add value to the industry. [5 MARKS] [TOTAL: 25 MARKS]