$4\mathrm{.}1$ Key risks facing the group have been identified through a dynamic risk assessment that not only identified risks in terms of impact and likelihood, but further emphasised the connectedness and aggregation impact of each key risk.

Develop a risk assessment plan for Mr Price. Include the identification, evaluation and mitigation factors for three potential external risks

$4\mathrm{.}2$ Through risk transfer, structured insurance programs allow the insured to handle losses in an organized way. Describe the several ways that risk transfer can be implemented in a Mr$.$ Price structured insurance programme.

$(10)$