WAEC - Insurance (2016 - No. 15)
The duty of a loss assessor is to ensure
adequate compensation to the insured
payment of premium to the insurer
that risk manager identifies the risk properly
that insurance broker collects commission
Explicació
A Loss Assessor is appointed by the policyholder when they need to submit a substantial or complex claim.
Independent entity hired and paid by the insured (policy holder) to negotiate an insurance claim with the insurer (insurance company). The loss assessor receives a fee that is usually a percentage of the claim amount received by the insured.