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Insurance risk surveyors assess the potential financial risk posed by offering insurance cover for items or sites and provide underwriters with information about how to reduce risk or whether insurance cover should be offered.
Insurance risk surveyors may work in a general capacity, but they usually specialise in a particular area, such as: fire, accidents and public liability, theft or engineering insurance. Typical responsibilities include:
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visiting sites alone or with underwriters
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assessing and evaluating risk to buildings, employees or customers by undertaking appropriate research
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carrying out detailed site surveys
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writing and proofreading reports for underwriters
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providing advice to clients and making recommendations about required improvements
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assigning quality grades after improvements have been made
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liaising with health and safety inspectors, clients, insurance brokers and underwriters
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collecting photographs as evidence
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maintaining awareness of changes in legislation and trading processes
Qualifications and training required
A degree is usually required for entry into the profession, though it is not absolutely essential to be a graduate. Qualifications in subjects such as business studies, law, management, insurance, mathematics, risk management, economics or engineering can be helpful. Previous insurance industry/underwriting experience is strongly advised. Some graduates enter risk surveying immediately after graduating and some large insurance companies run graduate schemes
Key skills for insurance risk surveyors
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Commercial awareness
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Diplomacy and negotiation skills
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Strong time management skills
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The ability to work effectively under pressure
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Excellent IT skills
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Organisational skills
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Problem-solving skills
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Teamwork as well as the ability to work independently
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Communication skills to explain complex ideas to people from a variety of backgrounds
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Attention to detail
Typical employers of insurance risk surveyors
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General insurance or reinsurance companies
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Local authorities
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Specialist surveying firms
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Insurance risk management departments
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Life insurance or assurance companies and brokers
User's Comments
David chris Reply
Insurance risk surveyors play a crucial role in assessing potential risks for insurers. They inspect properties, vehicles, and businesses to evaluate hazards, ensuring fair premiums and adequate coverage. Their expertise helps prevent financial losses by identifying safety measures and risk mitigation strategies. Whether for home, auto, or business insurance, their assessments are essential for accurate policy underwriting. Have you ever had a risk survey conducted for your insurance? #Insurance #RiskSurvey price of insurance for motorcycles
David chris Reply
Insurance risk surveyors play a crucial role in assessing potential risks for insurers before issuing policies. They inspect properties, businesses, and assets to evaluate hazards, compliance with safety regulations, and overall risk levels. Their reports help insurance companies determine appropriate coverage, premiums, and risk mitigation strategies. Whether assessing fire risks in commercial buildings or structural integrity in homes, these professionals ensure that both insurers and policyholders are well-prepared for unforeseen events. crockerfinancialllc
David chris Reply
Insurance risk surveyors play a crucial role in assessing potential risks for insurance companies. They evaluate properties, businesses, and other assets to determine their level of risk before policies are issued. Their work helps insurers set accurate premiums and coverage terms based on real risk factors. By conducting detailed inspections, reviewing safety measures, and identifying potential hazards, risk surveyors help both insurers and policyholders mitigate losses and ensure adequate protection. Their expertise is essential for fair and effective insurance underwriting. crockerfinancial