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Career opportunity as “Insurance Surveyor And Loss Assessor”
CA. Bhupendra BhandariFII, FCA, Mcom, DCPL
Insurance Surveyor & Loss AssessorMobile: 98220 48380; Email:
Who is Surveyor and Loss Assessor Licensed by Insurance Regulatory and
Development Authority(IRDA). Member of IIISLA (Indian Institute of Insurance
Surveyor and Loss Assessor) Appointed by the insurance company to assess
the quantum of loss and submit survey report i.e. recommendation of settlement of claim
Departments
1. Fire: Fire, Riot, Strike & Malicious Damage, Earthquake, Storm, Flood, inundation, etc.
2. Marine i.e.Transit insurance3. Motor Vehicles4. Engineering: Electrical / Electronic Equipments5. Miscellaneous: Burglary, Jewellery, Fidelity, Financial
losses, etc.6. Loss Of Profit
Duties And Responsibilities :
maintaining confidentiality and neutrality without jeopardising the liability of the insurer and claim of the insured;
conducting inspection and re-inspection of the property in question suffering a loss;
examining, inquiring, investigating, verifying and checking upon the causes and the circumstances of the loss in question including extent of loss, nature of ownership and insurable interest;
conducting spot and final surveys, as and when necessary and comment upon franchise, excess/under insurance and any other related matter;
Duties And Responsibilities :
estimating, measuring and determining the quantum and description of the subject under loss;
advising the insurer and the insured about loss minimisation, loss control, security and safety measures, wherever appropriate, to avoid further losses;
commenting on the admissibility of the loss as also observance of warranty conditions under the policy contract;
surveying and assessing the loss on behalf of insurer or insured;
assessing liability under the contract of insurance;
Duties And Responsibilities :
pointing out discrepancy, if any, in the policy wordings; satisfying queries of the insured/insurer and of persons
connected thereto in respect of the claim/loss; recommending applicability of depreciation and the
percentage and quantum of depreciation; giving reasons for repudiation of claim, in case the claim is
not covered by policy terms and conditions; taking expert opinion, wherever required; commenting on salvage and its disposal wherever
necessary.
Insurance Regulatory And Development Authority
Insurance Surveyors and Loss Assessors (Licencing, Professional Requirements and Code of Conduct) Regulations, 2000
Categorization:ABC
Web-site : www.irda.gov.in
Indian Institute of Insurance Surveyor and Loss Assessor
The membership is restricted only to individuals holding a valid SLA license issued by IRDA.
Membership Types: Fellow : After 16years of valid licence Associate: After 8 years of valid licence Licentiate: On entry Student
Web-site : www.iiisla.co.in
Process of getting license
Articleship: Undergoing practical training for one year, with a licenced surveyor.
Examination: Passing of surveyor examination conducted by Insurance Institute of India (Mumbai).
Membership of IIISLA: Considering the eligibility of applicant, license is granted for a period of five years from the date of issue.
Why ?
What is the need to engage an Insurance Surveyor?
Since the surveyors are appointed by the insurance company, do they favor insurance companies?
Is the loss amount assessed by surveyor binding on insurer/s?
How does a surveyor assess a loss?
Professional Opportunities
Insurance Survey Insurance Claims Consulting Insurance Policy Designing Insurance Policy Audit New Client Acquisition
Address: “B” wing, office no. 54 & 55, Shreenath Plaza, F.C. Road,
Pune - 411005
Cell: 98220 48380; Landline: 020 – 25534003, 66035393, 64015447
E-mail: [email protected] Support: [email protected]
Reach Us At
CA. Bhupendra BhandariFIII, FCA, MCom, DCPL
Insurance Surveyor & Claims Consultant
Thank You…sincerely appreciate Your time.
