SLII Diploma in Insurance case studies
SLII Diploma in Insurance · Put your knowledge to work in context.
The SLII Diploma in Insurance is a professional qualification offered by the Sri Lanka Insurance Institute (SLII), an institute that states it has been "the cornerstone of professional development in Insurance Education" and has been "Empowering the insurance industry with excellence in education since 1981." It is aimed at people building or formalising a career in insurance - underwriters, claims handlers, sales and distribution staff, and back-office and compliance personnel - who want structured, practitioner-level knowledge rather than only on-the-job training. This independent study page organises preparation around four equally weighted domains: insurance principles and practice; insurance law and regulation; underwriting and claims management; and insurance business management and professionalism. The SLII Diploma in Insurance case studies are 5 cases and about 4,987 words.
1Two fire policies, one loss: average, excesses and a contractor's cabling
Northgate Garments (Pvt) Ltd runs a single garment factory in Katunayake. Its stock is insured against fire by insurer A for a sum insured of LKR 180 million and, separately, by insurer B for LKR 60 million.
1,028 words, about 5 min2A lapsed broker licence, an unpaid premium and a fire that arrived too soon
Ceylon Risk Advisors (Pvt) Ltd has placed Hotel Sandalwood's fire and business interruption cover with Lanka Meridian Insurance PLC for nine years. Its IRCSL broker licence expired on 31 January and its renewal application is pending because of an outstanding audit query.
998 words, about 5 min3Renewal terms for a plastics processor with a 145% loss ratio
Ruhunu Polymers (Pvt) Ltd moulds polystyrene packaging in a 4,000 m² factory in Panadura. The risk is insured for LKR 900 million: buildings 300, plant 400, stock 200.
1,024 words, about 5 min4The star agent, the replacement spree and a branch bonus
Sujatha has been the top adviser at Sanhinda Life's Kandy branch for eleven years and wrote LKR 62 million of annualised new premium last year, 28% of the branch total. In the last quarter she wrote 42 policies; 31 of them replaced existing Sanhinda policies.
904 words, about 5 min5An unlicensed learner, a sold three-wheeler and an injured pedestrian
Sunil Perera sold his three-wheeler to Kamal in January, but the certificate of registration was never transferred, so Sunil remained the registered owner and the comprehensive policy with Lanka Meridian Insurance PLC stayed in Sunil's name. In June, Kamal's brother-in-law Nuwan, who holds only a learner's permit, drove the vehicle at night to carry two paying passengers and knocked down Mrs Fernando at a pedestrian crossing in Negombo.
1,033 words, about 5 min