III IC-45 case studies
III IC-45 · Put your knowledge to work in context.
IC-45 – General Insurance Underwriting is a paper listed by the Insurance Institute of India (III) among its professional examination subjects, appearing in the Institute's Addendum listing of study-material updates. The Addendum entry links to an IC-45 English document dated 01-09-2025, which is the only IC-45-specific item visible on the retrieved pages. The dedicated IC-45 landing page (insuranceinstituteofindia.com/web/guest/ic-45) returned a 404 Not Found error at the time of retrieval, so the official syllabus breakdown, chapter list, marks, duration, question format, fees and pass marks for this paper could not be confirmed from the source and are not stated here. The subject matter implied by the title is underwriting of general (non-life) insurance: how risks are assessed, selected, priced and controlled across lines such as fire, marine and miscellaneous. The III IC-45 case studies are 5 cases and about 2,539 words.
1Ridgeway Frozen Foods: Coinsurance, PML and Reinsurance Capacity
Ridgeway Frozen Foods, a family-owned distributor, seeks renewal of its commercial property policy. Declared values are building 6.2m, plant and machinery 4.8m, and stock 2.1m.
558 words, about 3 min2Soundwave Festival: Occurrence, Aggregate and Event Liability
Soundwave Events Ltd is seeking public and products liability cover for a three-day music festival in a council park. Capacity is 12,000 per day.
497 words, about 2 min3Pennine Haulage: Telematics, Deductible and Fleet Loss Ratio
Pennine Haulage operates 45 tractor units and 70 trailers across the UK, with 120 drivers. Its three-year fleet loss ratio is 82%, and the current annual premium is 1.2m.
508 words, about 3 min4Meridian Structural Engineering: Aggregate Limit and Collateral Warranty
Meridian Structural Engineering is a 30-person firm with 8m revenue. It holds professional indemnity insurance of 5m each claim and 10m aggregate, with a 250,000 deductible and a retroactive date of 1 January 2016.
485 words, about 2 min5Northgate Developments: Piling, Contamination and Delay in Start-Up
Northgate Developments is building a 12-storey office block on a brownfield city-centre site. The contract value is 85m, the build period is 24 months, and a 12-month defects liability period applies.
491 words, about 2 min