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Development of insurance business

a) Using suitable local illustrations explain the various types of liability insurance covers available in the insurance market in Kenya. (5 Marks)
b) In the world, Risk management is a continuous, tedious and a dynamic process at individual, organizational and national level. Discuss this statement using various illustrations in the Kenyan set up. (5 Marks)
c) There are several historical factors that brought the need for insurance system across the globe. Discuss any FIVE such factors that have propelled the development of insurance business in the country, Kenya. (10 Marks)


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