BIBF Award for Certified Insurance Practitioner case studies
BIBF Award for Certified Insurance Practitioner · Put your knowledge to work in context.
The BIBF Award for Certified Insurance Practitioner is a professional credential for people building or consolidating a career in insurance. Candidates typically include underwriters, claims handlers, brokers, compliance staff and graduates entering the sector who want a structured, exam-verified grounding across the whole insurance value chain rather than a narrow specialism. The BIBF Award for Certified Insurance Practitioner case studies are 5 cases and about 3,420 words.
1The Warehouse Sprinkler Shutdown
Meridian Foods Ltd operates a 4,000 sq m cold-storage warehouse insured under a commercial property policy with a replacement-cost building limit of £6.5m, stock limit £2.5m, a £25,000 deductible per occurrence, and a standard sprinkler-leakage and accidental-discharge exclusion. On 3 March the fire-protection contractor notified the insurer that the wet sprinkler system would be drained for 72 hours to replace a corroded riser.
774 words, about 4 min2The Undisclosed Diabetes and the Income Protection Claim
A 47-year-old self-employed graphic designer applied for a 20-year income protection policy with a £3,000 monthly benefit and a 13-week deferred period. The application asked: 'Have you in the last five years had, or been treated for, diabetes, high blood pressure, heart disease or any disorder of the kidneys?' She answered 'No'.
691 words, about 3 min3The Contractor's Liability Spiral
BuildRight Contractors holds a public liability policy with a £2m limit per occurrence, £5m in the aggregate, and a £10,000 excess. In June a subcontracted electrician's faulty wiring caused a fire that destroyed a client's warehouse (£1.4m) and injured two employees of a neighbouring business (£600,000 in combined damages).
640 words, about 3 min4The Reinsurer's Late Notice
A regional insurer writes commercial motor business and protects it with a facultative reinsurance certificate covering a single large fleet account. The certificate contains a claims-cooperation clause requiring the reinsurer to be notified 'as soon as practicable' of any claim likely to exceed £250,000, and a follow-the-settlements clause.
638 words, about 3 min5The Agent's Ultra Vires Endorsement
A general insurance agent, appointed as an intermediary for a household insurer, has authority to bind household risks up to £500,000 sum insured and to issue standard endorsements. A long-standing client asks the agent to add cover for a home-based business making and selling candles, which involves hot wax and open flame.
677 words, about 3 min