IIQE Paper 2 case studies
IIQE Paper 2 · Put your knowledge to work in context.
IIQE Paper 2 is the General Insurance paper of the Insurance Intermediaries Qualifying Examination, the licensing examination route for individuals who wish to be registered or appointed as insurance intermediaries in Hong Kong. It is aimed at candidates seeking a general insurance licence - typically tied agents, broker staff, technical representatives and bank insurance staff - rather than life insurance specialists, who sit Paper 1 and Paper 3. The IIQE Paper 2 case studies are 5 cases and about 3,625 words.
1Cash Premium, a Shenzhen Signature and an Undisclosed Family Interest
Ken Chan is a licensed insurance agent (individual) under Ever Bright Insurance Agency Ltd. In February he meets Mr Lau, a director of Golden Wok Catering Ltd, which runs three restaurants in Mong Kok, Sha Tin and Tsuen Wan with annual turnover of about HK 22 million.
759 words, about 4 min2A 21-Day Delay, a New Racking System and 80% Underinsurance
Shun Lee Godown Ltd owns a six-storey godown in Kwai Chung. It buys a commercial property policy from Victoria Insurance for 1 January to 31 December 2024 with a sum insured of HK 60 million on a reinstatement basis.
751 words, about 4 min3A Daily-Paid Driver, a Named-Driver Warranty and Two Policies
Kwong Fat Logistics Ltd runs four 5.5-tonne box trucks from a yard in Yuen Long. It holds an employees' compensation (EC) policy with Asia Insurance and a motor policy with Star Motor Insurance on each truck.
714 words, about 4 min4Notification of Circumstances Across Two Policy Years
Bright Engineering Consultants Ltd is a structural engineering firm. Its professional indemnity (PI) policy with Meridian Insurance runs from 1 April 2023 to 31 March 2024, on a claims-made basis, with a retroactive date of 1 April 2015, a limit of HK 20 million each claim and in the aggregate (including defence costs), and a deductible of HK 500,000 each claim.
728 words, about 4 min5Treaty Capacity, a HK$500 Million Fire and Two Typhoons
Pioneer Insurance Ltd is the sole insurer of a HK 2 billion industrial portfolio belonging to Harbour View Properties Ltd. For property risks, Pioneer's board has set a net retention limit of HK 50 million per risk.
673 words, about 3 min