III IC-71 case studies
III IC-71 · Put your knowledge to work in context.
IC-71 is a Professional Examination subject of the Insurance Institute of India (III), the body that runs India's insurance-sector examinations and awards the Licentiate, Associateship and Fellowship designations. Professional Examination subjects such as IC-71 sit within that designation ladder and are aimed at insurance professionals, underwriters, claims and operations staff, and candidates building formal III credentials. The III IC-71 case studies are 5 cases and about 4,917 words.
1A refinancing mandate the firm cannot afford to lose
You are the engagement partner in a 14-person practice. Harlow Distribution Ltd, a client of nine years (fees of £186,000 last year, roughly 41% of firm turnover), asks you to act as reporting accountant on a £12m refinancing.
1,033 words, about 5 min2A date stamp changed at 19:40
It is 14 March, a Tuesday. Your team is finalising a client's quarterly regulatory return, due through the regulator's portal at 23:59 tonight.
943 words, about 5 min3Eleven payments just under the threshold
You are on an interim visit at a charity with income of £8.4m. In the purchase ledger you notice 11 payments to a supplier, "Northgate Facilities", between £9,300 and £9,850 across 14 months.
972 words, about 5 min4Ten days, an earn-out, and no transaction team
A long-standing client, a 60-person engineering business, is buying a competitor for £5.2m, funded by a vendor loan note and an earn-out measured on EBITDA over three years. Completion is in ten days.
979 words, about 5 min5A departing partner and a downloaded client database
On Monday morning the senior partner of your three-partner practice tells you that Simon, the partner who built the firm's largest client block (11 clients, £410,000 of £900,000 annual fee income), resigned on Friday and joins a competitor in four weeks. On Sunday, IT reported that Simon's account downloaded the client relationship database - fee histories, contact details, 200 pages of engagement notes - to a personal cloud drive, and that he emailed three clients from his firm address.
990 words, about 5 min