III IC-86 case studies

III IC-86 · Put your knowledge to work in context.

IC-86 Risk Management is a paper code in the Insurance Institute of India (III) examination system, the body that runs professional insurance examinations in India. Candidates typically encounter IC-86 as a subject within III's specialised diploma and professional examination offerings, and it suits insurance professionals, underwriters, claims staff, risk managers and compliance personnel who need a working command of risk identification, measurement and treatment rather than a purely product-focused view of insurance. The III IC-86 case studies are 5 cases and about 4,498 words.

Textile Mill Fire: Average Clause and Risk Improvement

Kaveri Textiles Pvt Ltd operates a spinning mill in Coimbatore. Its fire insurance policy on building, plant and machinery and stocks carries a sum insured of ₹18 crore on a reinstatement-value basis.

903 words, about 5 min 2

Pharmaceutical Cargo: ICC(C), On-Deck Stowage and General Average

Sun Pharma Exports ships 400 pallets of temperature-sensitive insulin from Nhava Sheva to Rotterdam on CIF terms. The buyer arranges cargo insurance under Institute Cargo Clauses (C).

953 words, about 5 min 3

Hospital Professional Indemnity: Claims-Made Cover and Consent to Settle

Harbour City Hospital, a 220-bed multi-specialty hospital in Chennai, holds a professional indemnity (medical malpractice) policy on a claims-made basis. The retroactive date is 1 April 2018; the limit is ₹5 crore any one claim and ₹10 crore in the aggregate; the deductible is ₹10 lakh each claim.

886 words, about 4 min 4

Data Centre Fire: Business Interruption and the Power Failure Exclusion

Deccan Cloud Services, a Bengaluru IT services firm, hosts clients' ERP systems in a leased data centre in Mumbai. Its property and business-interruption policy covers damage to property insured at the premises, with a BI limit of ₹12 crore and a 12-month indemnity period.

908 words, about 5 min 5

NBFC Enterprise Risk: Appetite, ALM and Cyber Concentration

Shakti Finance is a mid-sized NBFC with ₹2,800 crore assets under management and 140 branches in Tier-2 and Tier-3 towns. Its loan book is 65% commercial-vehicle loans, 25% microfinance and 10% gold loans.

848 words, about 4 min