What is an insurance surveyor?

Kathmandu : Insurance surveyor is an important part of insurance business. Without a surveyor, the company cannot pay insurance claims. Insurance companies pay the claim to the insured only after the insurance surveyor reaches the scene of the incident and makes an accounting of the damage.

If there is any loss or damage to any insured item, the amount of damage is covered by the insurance policy only after a proper assessment of the amount of damage.

Insurance companies assign individuals or organizations to evaluate and account for things like why the damage happened, how it happened or how much it happened.

The insurance company pays the amount to the insured based on the report from the appointed person or organization as the main basis. In this way, the person who evaluates and accounts for the damaged property is known as an insurance surveyor.

What are the roles of an insurance surveyor?

There are many roles of an insurance surveyor in the insurance business. Among them, working as an independent professional and expert, respecting the wishes of the insured, providing literacy about the basic principles of insurance, doing investigative work of the incident, assisting the insured in the insurance claim process, making the profession fully dignified and professional and submitting a complete report etc. are the main roles.

In addition, the loss has not occurred within the period covered by the policy, the claimed loss is not covered by the risk mentioned in the policy, the property damaged or destroyed is not as mentioned in the policy, the claimant is not entitled to receive compensation, the loss has occurred within the insured area and not It is the responsibility of the surveyor to determine whether the claim is compensatory or not and whether the claim is fraudulent or false etc.

What qualifications are needed to become a surveyor?

According to insurance regulations, surveyors must have at least ten years of experience in the insurance business as an officer at the office of an insurance company, at least a bachelor’s degree in engineering, or at least a bachelor’s degree in insurance from a recognized institution of the International Chartered Insurance Institute or similar organizations.

Or a person who has passed the chartered accountancy examination can apply to the committee for a surveyor’s license. Before obtaining a surveyor’s license, the qualified applicant must participate in the surveyor training conducted by the committee and obtain a certificate of completion of the training.

Surveyors have to renew their license every year. Insurance surveyors are classified on the basis of work experience. The committee has divided insurance surveyors into ‘A’, ‘B’, ‘C’ and ‘D’ categories based on work experience. There is an arrangement to place those with more experience in ‘A’ category, then those with less experience in ‘B’ category, ‘C’ category and the new ones in ‘D’ category.

What kind of problems do insurance surveyors face?

As in other professions, the insurance surveyor profession also has problems and challenges as well as opportunities. The company will assign a surveyor to the place of the incident to evaluate.

In this way, the company has to go to the assigned place as soon as possible and take stock of the nature of the incident and the damage caused by the incident.

The surveyor has to do his work even by going far away. The places where the surveyors are sent to monitor the incidents are often remote and lack development infrastructure. When going to such a place, the surveyor faces various problems.

To whom is the research done by the surveyor submitted?

The surveyor sends the research done by him to the concerned company. In this way, after receiving the details of the investigation sent by the surveyor to the concerned company, it is easy to renew the insurance for the company, the insured and the insurer.