Q5 Sep 2020 Paper 1 The question is: An insurance company writes marine insurance to protect shipping from losses in relation to acts of violence such as war or piracy. Due to increasing political tensions, such actions are becoming more common in one area of the world in which the company has a number of clients. (i) Describe, with specific examples, how the company can use risk control measures to mitigate exposure to the risks arising from these political tensions. [4 The Model answer includes these two points: Limiting the severity/consequences of a risk that does occur [½] Insure only up to a certain limit Could you please help me understand the difference between these two points? I see them as one and the same because essentially they are saying the same thing which is limit the sum assured. Thanks a lot!