BIBF Professional Award for Specialist Insurance Practitioner study plan

Define the core risk concepts (peril, hazard, exposure, moral and morale hazard, risk transfer) and write your own worked example of each without consulting notes

Distinguish indemnity, insurable interest, utmost good faith, contribution and subrogation, and explain how each shapes underwriting decisions

Map the underwriting cycle from submission to binding, identifying the information gathered and the decision made at each stage

Build a personal risk-classification scheme that separates physical, moral and morale hazards and apply it to three sample risks

Apply a structured risk-selection process to property risks, deciding what to accept, decline, rate or refer

Explain how sums insured, reinstatement versus indemnity value, average and underinsurance affect both rating and claims outcomes

Calculate business interruption sums insured, indemnity periods and gross profit figures from a short scenario you construct

Evaluate how protection, occupancy, construction and housekeeping influence fire and perils rating

Outline the legal framework governing insurance contracts, including formation, disclosure duties, warranties, conditions and the treatment of misrepresentation

Summarise the regulatory obligations that bear on distribution, fair treatment of customers, complaints handling and financial crime checks

Identify the professional-conduct duties of a specialist practitioner and apply an ethical decision framework to two conflicting-interest scenarios

Explain how breach of a policy condition differs from breach of a warranty and describe the consequences for a claim

Describe the claims lifecycle from notification through investigation, reserving, negotiation and settlement, noting the evidence gathered at each stage

Assess how policy conditions, exclusions, deductibles and the duty to mitigate affect the amount payable on a property loss

Work through a business interruption claim, calculating the rate of gross profit, the reduction in turnover and the savings that offset the loss

Explain how fraudulent or exaggerated claims are identified and the proportionate remedies available

Distinguish public, products, employers' and professional liability exposures and explain how each is triggered and limited

Explain the operation of occurrence versus claims-made cover, retroactive dates, aggregate limits and the treatment of defence costs

Analyse cyber exposures, including first-party and third-party losses, the common exclusions and the difficulties of quantifying aggregation risk

Compare the risk features of energy, construction and other specialty lines, identifying the cover structures and key exclusions used

Explain the cover structures used in marine hull, cargo and liability business, including Institute cargo clauses and the transit attachment points

Describe aviation exposures and the underwriting information required, including fleet, route, crew and regulatory factors

Explain how proportional and non-proportional reinsurance operate, and calculate a simple quota share, surplus and excess of loss recovery

Evaluate how reinsurance purchasing decisions affect the cedant's net retention, capacity and capital requirements

Synthesise the specialist lines studied into a single risk-assessment method you can apply to an unfamiliar exposure

Rehearse explaining a complex coverage decision clearly to a client, a broker and an underwriter, adapting the message to each audience

Practise resolving coverage disputes by identifying the operative clause, the exclusion and the burden of proof in three short scenarios

Review your weakest two domains and close the specific gaps you identified in earlier weeks

Consolidate all domains into a single revision map that links each principle to a practical underwriting or claims example

Complete a timed mock examination under exam conditions and mark it against the syllabus weightings

Analyse every incorrect answer to identify whether the cause was knowledge, application or misreading, and record the fix

Rehearse concise written answers that state the principle, apply it to the scenario and reach a clear conclusion