# Price the cold store renewal “Price the cold store renewal” is a commercial property underwriter job simulation on FinderK. You work at Harrowby Mutual Insurance, an original fictional company, and complete 3 assignments in about 75 minutes. It is for anyone who wants to practice commercial property underwriter work. No previous work experience is required. - Role: Commercial property underwriter - Industry: Insurance underwriting - Career: Finance and accounting (https://finderk.com/careers/finance-and-accounting) - Level: Intermediate - Time: About 75 minutes, 3 assignments - Access: Included in Plus - Created by: FinderK - Work tools: Mail, Office documents and spreadsheets, Chat, Notes - Page: https://finderk.com/simulations/price-the-cold-store-renewal - Last updated: 2026-10-10 ## Summary A loyal cold store client wants to renew at last year's price with its sprinkler discount, but the survey found burning foam panels in the roof and the backup sprinkler pump has failed. Rate it by the guide, refer it, and hold firm terms with a broker who says a rival is waiting. ## Full brief You are a commercial property underwriter at a mutual insurer. A cold store near Hull renews in two weeks. The new survey found combustible foam panels across part of a roof and a failed diesel sprinkler pump, the claims record has a large ammonia loss, and the broker wants last year's price, the sprinkler discount and no new conditions, with a competitor in the background. You rate the risk, write the referral and recommend terms, then finalise the quote when the sprinkler repair slips. Automated checks confirm your figures and saved work; your judgement is reviewed against the standard for the role. ## What is Harrowby Mutual Insurance? Harrowby Mutual Insurance is a fictional mutual insurer with a commercial property book that includes cold stores and food warehouses. This case is the renewal of Polar Gate Cold Storage, a 31.4 million pound cold store risk near Hull, due on 1 November 2026. It runs from Monday 19 to Friday 23 October 2026. Amounts are in pounds. The underwriter rates, recommends and quotes within the guide; the senior underwriter decides referred risks. ## Who do you play? You are the commercial property underwriter in the Commercial property team. You rate and quote property risks with a total sum insured up to 25 million pounds within the underwriting guide. Larger risks and anything the guide says must be referred go to Rosalind Turner with your recommendation. You may not apply a discount the risk does not qualify for, remove a loading or change a condition to match a competitor. ## What will you do? 1. 1. Rate the risk by the guide (25 minutes) 2. 2. Refer the risk and hold the broker (25 minutes) 3. 3. Finalise and send the quote (25 minutes) ## Which skills will you practice? - Rate a property risk by the underwriting guide - Recognise when a risk must be referred and why - Set conditions that address the main hazards - Hold terms with a broker while keeping the relationship - Explain a price change by the features of the risk ## Frequently asked questions ### How long does “Price the cold store renewal” take? About 75 minutes, across 3 assignments. When the time is up, you get 10 minutes to round up and submit. Pausing stops the clock. ### Is “Price the cold store renewal” free? No. It is included in FinderK Plus. With a free account you can also do it without grading. ### Do I need commercial property underwriter experience? No. No previous work experience is required. The listed level is intermediate. ### What do I get when I finish? You get feedback on each assignment you submit. Completing all required assignments earns a completion certificate. It records participation and is not professional accreditation. ### Is Harrowby Mutual Insurance a real company? No. Harrowby Mutual Insurance is an original fictional company made for practice. Its coworkers may make mistakes, so check their suggestions against the evidence.