(a) Who is a loss assessor? (b) Explain three roles of a loss assessor. (c) State foul-functions of the Chartered Insurance Institute of Nigeria.

(a) Who is a loss assessor?

A loss assessor is a professional appointed and paid by the insured to prepare, present and negotiate his claim against the insurer. He acts on behalf of the policyholder to ensure that the loss is properly quantified and that the insured obtains a fair settlement.

(b) Three roles of a loss assessor

1. To investigate and assess the extent and value of the loss or damage suffered by the insured.
2. To prepare and submit the claim, with the necessary documents and proof, to the insurer on behalf of the insured.
3. To negotiate with the insurer or its loss adjuster to secure a fair and adequate settlement for the insured.

(c) Four functions of the Chartered Insurance Institute of Nigeria (CIIN)

1. To train, educate and examine persons seeking to qualify as professionals in the insurance industry.
2. To set and enforce professional and ethical standards of conduct among its members.
3. To award professional qualifications and regulate the admission and discipline of members.
4. To promote the advancement of insurance knowledge and public awareness, and to advise on matters affecting the profession.