Practice Exam
Marine Hull Underwriting and Claims IC 70

Marine Hull Underwriting and Claims IC 70

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Marine Hull Underwriting and Claims (IC 70)

The Marine Hull Underwriting and Claims (IC 70) certification focuses on how ships, cargo vessels, and their equipment are insured against maritime risks. It teaches how to evaluate risks, set premiums, and provide appropriate insurance coverage. On the other hand, it also explains how claims are processed and settled when an accident, collision, or mechanical failure occurs.

Put simply, this certification bridges the knowledge gap between shipping operations and insurance by preparing individuals to analyze marine risks, offer financial protection, and resolve claims efficiently, ensuring smooth business continuity in the shipping and insurance sectors.

Who should take the Exam?

This exam is ideal for:

  • Marine Underwriters
  • Claims Managers
  • Insurance Advisors
  • Risk Analysts
  • Brokers specializing in marine insurance
  • Legal Advisors in shipping/insurance
  • Shipping company managers dealing with insurance

Skills Required

  • Insurance principles
  • Analytical and risk assessment skills
  • Communication and negotiation skills
  • Maritime operations

Course Outline

Domain 1 - Introduction to Marine Hull and Types of Vessels

Domain 2 - Marine Hull Principles and Types of Policies

Domain 3 - Various Marine Hull Covers and Clauses

Domain 4 - Ship Builders’ Risks Insurance

Domain 5 - Marine Hull Underwriting and Rating

Domain 6 - Ship Classification Societies

Domain 7 - Special Insurances

Domain 8 - Insurance of Oil and Gas Structures, SBM (Single Buoy Mooring)

Domain 9 - War and Strikes Risks Insurance

Domain 10 - Protection & Indemnity Clubs (P&I Clubs), Marine Hull Reinsurance

Domain 11 - Marine Insurance Associations & International Standards

Domain 12 - Introduction to Marine Hull Claims

Domain 13 - Claims on Marine Hull Policies

Domain 14 - General Average and Salvage Claims

Domain 15 - Collision Liabilities and Insurance of Freight Claims

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Marine Hull Underwriting and Claims IC 70 FAQs

Hull refers to the ship’s body, machinery, and equipment that can be insured.

Time, voyage, fleet, and floating policies.

Insurance professionals, claims managers, underwriters, and maritime industry advisors.

Marine underwriter, claims officer, risk analyst, or insurance broker.

Wear and tear, negligence, or unseaworthiness of the vessel.

It is the process of verifying, assessing, and settling claims after accidents or damages.

Risk evaluation, claims management, negotiation, and insurance policy knowledge.

Marine insurance specifically covers ships, cargo, and maritime risks, unlike general insurance.

Shipping, logistics, international trade, and marine insurance companies.

  1. It is the process of assessing risks in insuring ships and setting appropriate premiums.

It equips professionals with knowledge of marine risks, underwriting, and claims handling.

Yes, but usually under specific add-on covers.

They provide additional coverage for shipowners, especially liability risks.

With global trade growth, demand for marine insurance expertise will continue to rise.