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(a) With reference to the aftermath of the Tsunami that hit the coast of Japan and the insurance underwriting cycle Describe any three possible ART structures that may have been used to fund the above risks. [18 marks] (b) As an Actuary for the Africa Risk Capacity initiative, use the Actuarial Control Cycle to evaluate the ability of weather index insurance in providing predictable funding to protect vulnerable people's livelihoods in Africa. [9 marks] (c) List the major drawbacks in the adoption of ART over the past 20 years. [8 marks]