AMIM case studies
AMIM · Put your knowledge to work in context.
The Associate in Marine Insurance Management (AMIM) is a professional designation offered by The Institutes, listed on its site under the Claims & Underwriting designation family alongside credentials such as the Associate in Claims (AIC) and Associate in Commercial Underwriting (AU). It is aimed at professionals whose work touches marine and inland marine exposures - underwriters, claims adjusters, brokers, agents, and risk managers who handle cargo, hull, transit, and related liability risks - and who want a structured, credential-backed grounding in that specialty rather than general property-casualty knowledge. The AMIM case studies are 5 cases and about 1,999 words.
1Hull claim: constructive total loss vs. repair option
A 1998-built 12,000 dwt general cargo vessel is insured under a hull & machinery policy with an agreed value of USD 6.0 million and a deductible of USD 100,000. She grounds and suffers bottom damage; the assured obtains two quotes.
477 words, about 2 min2Cargo: CIF sale, deck stowage and the scope of transit cover
A shipper sells 500 cartons of specialised machine parts on CIF terms to a buyer in Lagos. The bill of lading shows the goods stowed on deck on a feeder vessel for the first leg (Singapore to Port Klang), then under deck on the ocean vessel to Lagos.
447 words, about 2 min3P&I: crew injury, unseaworthiness and the collision liability overlap
A bulk carrier insured for P&I (standard mutual cover) and H&M collides with a fishing vessel in fog. Two crew members are seriously injured; one later dies.
416 words, about 2 min4Inland marine: builder's risk, delay and the defective-design exclusion
A contractor is building a 60-metre steel bridge over a navigable river under a builder's risk policy with a completed-value limit of USD 25 million and a 10% deductible per occurrence. During erection, a temporary support collapses because of an error in the contractor's design calculations for the falsework.
322 words, about 2 min5Underwriting judgement: a fleet with a poor claims record and a sanctions flag
A shipowner seeks renewal of H&M and P&I for a fleet of 8 vessels (average age 16 years, mixed flags). The fleet has had 5 H&M claims in 3 years totalling USD 4.2 million against USD 6.0 million of premium, plus two P&I crew claims.
337 words, about 2 min