Question 3 Risk management is a process that identifies loss exposures faced by an organization and select the most appropriate techniques for treating such exposures. Recently you have joined an insurance company as a risk management consultant, given the following scenarios, identify a suitable technique, or combination techniques that would be appropriate for dealing with the risk. (a) The new imported SUV you have bought may be damaged in an auto accident. (2 marks) (b) The property may be totally damaged in an earthquake. (2 marks) (c) The persons that earned income for the family suddenly die due to heart attack. (2 marks) (d) A pharmacist for a local hospital may be sued for giving wrong medicines to the patient. (2 marks) (e) You are required to pay compensation on a judgment to proceed to someone that is injured in an accident caused by you. (2 marks)