How to become insurance surveyor CMA U. C. Nahar

Transcript:How to become insurance surveyor CMA U. C. Nahar:
How to become insurance surveyor CMA U. C. Nahar 02nd February, 2019 Insurance Surveyor HISTORY In India Insurance has a deep-rooted history. It was noted mention in Manu (Manusmurthi ) Dharmasastra & kautily (Arthsastra ) pooling of resources for re-distribution in time of calamities Such as Fire, Floods, Epidemics & famine etc. Modern insurance started in the year 1686 by llyod’s London UK started for marine insurance. General Insurance business in India dates back as old as 1850 On 01.01.1973-107, General insurers were nationalised to bring to 4 Companies having their Head Offices at Delhi, Calcutta, Madras, Mumbai HISTORY General insurance company was the parent company of 4 Subsidiaries. In December 2000, all the 4 nationalized companies were allowed to work -independently in competition with private sector insurance companies. In the year 2000 IRDA (Insurance Regulatory & Development Authority of India) was constituted to regulate the insurance business in India in Private & Public Sector companies. Insurance Sectors The are Three Main Sectors of insurance in India: Life Insurance General Insurance (Non-Life Insurances) Re-insurance Types of General Insurance Motor Insurance (As per the Motor Vehicles Act, 1988) Third Party Liability Insurance Comprehensive Insurance Health Insurance Travel Insurance Home Insurance Types of General Insurance Marine Insurance Cargo insurance Hull insurance Freight insurance Liability insurance, etc. Commercial Insurance Industrial Insurance Rural Insurance LUCRATIVE FIELD for COST ACCOUNTANTS Different field Analytical Field Special for property, burglary, indemnity etc. Special Investigations Accountants having no engineering background are generally provided with the Insurances branches of FIRE, MARINE (Cargo), Misc. Insurance, LOSS OF PROFIT, etc. Who is Surveyor and Loss Assessor ? A surveyor and loss assessor is an insurance intermediary licensed by IRDAI to investigate, manage, quantify, validate and deal with losses (whether insured or not) arising from any contingency, on behalf of insurer or insured and report thereon and carry out the work with competence, objectivity and professional integrity by strictly adhering to the code of conduct stipulated under the Law / Regulations. Insurance surveyor is holding position like a single JUDGE and his decision is valid in eye of law till some untoward is proved in his decision General services provided by surveyor Investigate, manage, quantify, validate and deal with losses (whether insured or not) arising from any contingency. Estimate, measure and determine the quantum and description of the subject under loss Conduct inspection and re-inspection of the property in question suffering a