1. Career opportunity as “Insurance Surveyor And Loss Assessor”
CA. Bhupendra Bhandari
FII, FCA, Mcom, DCPL
Insurance Surveyor & Loss Assessor
Mobile: ;

2. 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

3. Departments
Fire: Fire, Riot, Strike & Malicious Damage, Earthquake, Storm, Flood, inundation, etc.
Marine i.e.Transit insurance
Motor Vehicles
Engineering: Electrical / Electronic Equipments
Miscellaneous: Burglary, Jewellery, Fidelity, Financial losses, etc.
Loss Of Profit

4. 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;

5. 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;

6. 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.

7. Insurance Regulatory And Development Authority
Insurance Surveyors and Loss Assessors (Licencing, Professional Requirements and Code of Conduct) Regulations, 2000
Categorization: A B C
Web-site :

8. 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 :

9. 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.

10. 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?

11. Professional Opportunities
Insurance Survey
Insurance Claims Consulting
Insurance Policy Designing
Insurance Policy Audit
New Client Acquisition

12. Insurance Surveyor & Claims Consultant sincerely appreciate Your time.
CA. Bhupendra Bhandari
FIII, FCA, MCom, DCPL
Insurance Surveyor & Claims Consultant
Address: “B” wing, office no. 54 & 55, Shreenath Plaza, F.C. Road,
Pune
Cell: ; Landline: 020 – , ,
Support:
Reach Us At
Thank You…
sincerely appreciate Your time.