Many of us would wonder how engineer find
utility in insurance Sector. But the fact is engineers
have been performing important duties for this sector for
years together, as insurance surveyor.
We are very much aware that Automobiles, Industrial Setup/
Plants, Cargo Ships, Buildings are insured in anticipation
of future loss or damage. So to assess the value of the
property to be insured a person with technical background
is a must. The risk factors involved, safety & other
precautions taken care off can be judged better by engineers
only. Depending upon their assessment, insurance companies
calculate the premiums for insurer's. Engineers also suggest
additional measures to be taken to protect the property
under insurance cover & survey the same from time to
time.
Engineers also play an important role while assessing the
loss due to accidents, theft or damage due to various reasons.
Acting as surveyor, engineers visit the site of damage/
accident & prepare detailed report of loss. Engineers
certify the loss & categorizes it under total loss,
partial loss, rectify or repair & sanction the claim
accordingly. Engineers also have to find out reasons of
the accident or damage & notify the insurance company
to up date rules & regulations while preparing policies
for future clientele.
Insurance companies recruit engineers by placing advertisements
in popular newspapers or in employments news. Major Insurance
companies are : -
