The duty of a loss assessor is to ensure

Assessment: WAEC SSCE - Insurance - 2016 (Objective) Subject: Insurance

Question 1 Report

The duty of a loss assessor is to ensure

Answer Details
The duty of a loss assessor is to ensure adequate compensation to the insured. When an insured suffers a loss, such as property damage or loss of income due to an insured event, the loss assessor is responsible for assessing the extent of the damage or loss and determining the appropriate amount of compensation. They work on behalf of the insured, not the insurer, to ensure that the insured receives the maximum possible compensation under the terms of their insurance policy. The loss assessor's role is particularly important in cases where the loss is substantial, complex or disputed, as they have the expertise and knowledge to ensure a fair and accurate assessment.

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