BIBF Professional Award in Insurance Management (PAIM) case studies
BIBF Professional Award in Insurance Management (PAIM) · Put your knowledge to work in context.
The BIBF Professional Award in Insurance Management (PAIM) is a professional credential aimed at people who manage insurance business rather than specialise in a single technical niche. It suits underwriters, claims and operations managers, brokers, risk and compliance staff, and finance or actuarial colleagues moving into broader management roles, as well as graduates building a career in the sector. The BIBF Professional Award in Insurance Management (PAIM) case studies are 5 cases and about 2,583 words.
1The Renewal That Was Priced on Hope
A mid-sized commercial insurer writes a property portfolio of 1,200 SME risks. The portfolio has run a loss ratio of 78% for three years, but the head of underwriting reports a 92% retention rate and argues the book is 'stable'.
540 words, about 3 min2The Claim That Arrived Three Days Late
A household insurer receives a theft claim of 38,000 under a policy with a 250 excess. The policy requires notification 'as soon as reasonably practicable'.
532 words, about 3 min3The Reinsurance Recoverable That Grew Overnight
A general insurer has gross technical reserves of 410 million and reports a solvency capital requirement of 120 million. It holds a quota-share treaty ceding 30% of a property line, and a stop-loss treaty attaching at 85% loss ratio.
513 words, about 3 min4The Algorithm That Declined the Wrong Postcodes
A personal lines insurer deploys a machine-learning model to triage motor claims for fraud investigation. The model flags 8% of claims, and flagged claims are routed to a specialist unit.
485 words, about 2 min5The Broker Who Knew Too Much
A senior account manager at an insurance broker is negotiating a large commercial renewal. The client's finance director mentions in a call that the company is about to announce a profit warning and that a key contract is likely to be lost.
513 words, about 3 min