Insurance Surveyors and Loss Assesors are service providers associated with the insurance company. At the time of certain insurance claims, if those claims go beyond the defined limit of a certain insurance policy, the insurance company sends a surveyor or loss assessor to determine the damage and check the truth about those claims.
Simply put, an insurance surveyor and loss assessor survey whether or not an insurance claim is legitimate or not.
IRDA License for Insurance Surveyors or loss assessor is required for acting as a surveyor and loss assessor.
Insurance Surveyors and Loss Assessor registration is the authorization given by the IRDA to individuals to act as surveyor and loss assessors. There are two types of registration:
The qualification required from a surveyor or a loss assessor varies depending upon the types of insurance claims they are hired to handle. Additionally, they shall be a “Member of Institute” such as ICAI, ICSI, IIRM or must possess specific technical, academic, professional and insurance qualification that makes them eligible to apply for Surveyor and Loss Assessor
Clearing relevant paper(s) of Surveyor and Loss Assessor is important. The exam is conducted by the Insurance Institute of India.
It’s mandatory for surveyors and loss assessors to go through training specified by IRDA from time to time.
a. For registration as a corporate surveyor, the applicant has to be a Company incorporated under companies act or an LLP incorporated under the Limited Liability Partnership Act.
The process of registering the IRDA Surveyor and Loss Assessor Registration with the IRDA for acting as exclusively insurance intermediaries are as follows:
Our experts provide you end to end IRDA Surveyor and Loss Assessor services that entail:
2. Application filing
3. Department follow up
4. Removal of any issue during the procedure
You need a loss assessor to determine the truthfulness of any claims. You can start verifying it today by taking a step towards getting this registration.