The duty of a loss assessor is to ensure

  • A adequate compensation to the insured
  • B payment of premium to the insurer
  • C that risk manager identifies the risk properly
  • D that insurance broker collects commission
waec 2016insurance

The correct answer is A. adequate compensation to the insured

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.

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