III IC-83 case studies
III IC-83 · Put your knowledge to work in context.
IC-83 is an Insurance Institute of India (III) subject code in the IC series, the numbering used across III's professional examinations and specialised diploma courses. The Institute's own IC-83 page could not be retrieved: the URL returned HTTP 404 Not Found when checked on 5 November 2026, so no verified syllabus, domain weighting, question count, duration, fee, passing mark, retake rule or validity period for IC-83 exists in the available source. The III IC-83 case studies are 5 cases and about 3,378 words.
1Warehouse Fire Renewal: Sum Insured, Average Clause and Discount Pressure
A textile wholesaler seeks fire insurance for a single owned warehouse housing cotton fabric and packaged synthetic yarn. The reinstatement value of the building is ₹4.2 crore.
695 words, about 3 min2Boiler Explosion: Gross-Profit Business Interruption Calculation
A food-processing company suffers a boiler explosion that stops production for 14 weeks. Its business-interruption policy is written on a gross-profit basis, with a 12-month indemnity period and a sum insured of ₹6.0 crore.
671 words, about 3 min3Group Mediclaim Renewal: Large Claims, Loading and Employer Pushback
A group mediclaim policy covering 1,200 employees and dependants is due for renewal. Premium is ₹3.0 crore; incurred claims are ₹3.6 crore, a loss ratio of 120%, up from 95% last year.
632 words, about 3 min4Marine Cargo: Jettison, General Average and Delay Loss
An Indian exporter ships 40 containers of machine parts from Nhava Sheva to Rotterdam on CIF terms. The CIF value is US 2.4 million; the cargo policy insures 110% of CIF value and incorporates Institute Cargo Clauses (A).
653 words, about 3 min5Catastrophe Reinsurance Tower: Retention, Risk Appetite and ILW Alternative
A regional property insurer has a gross 1-in-200 probable maximum loss of ₹1,200 crore from a single earthquake zone. Its surplus is ₹3,000 crore and the board caps retained catastrophe loss at 15% of surplus.
727 words, about 4 min