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Loss Adjustment

Loss Adjustment

In addition to Loss Adjustment, we provide following other Insurance Industry related services:

  • Warranty surveys such as suitability of vehicle, lashing/chocking/securing arrangement, and loading/unloading supervision of ODC cargo/Route Survey
  • Disposal of salvage on behalf of insurer’s so that their liability is reduced.
  • Employing of Technical Experts and Financial Forensic Investigation
  • Cyber-crime loss investigation and assessment
  • Pre-dispatch/ tail end risk inspection

This comprehensive list underscores the team's versatility, covering a wide spectrum of claims ranging from commercial and industrial properties to banking and financial scenarios, miscellaneous policy claims, and specialized areas like marine insurance. The team's adeptness in navigating these diverse claim types reflects its commitment to providing nuanced and expert solutions across various insurance domains.

The core focus of our services is to expedite the settlement process, aiming for on-spot or same-day resolution. Our commitment is driven by the goal of achieving the quickest possible settlement for our clients.

The range of services we offer in the domain of Survey, Loss Assessment, and Adjustment is outlined below. It's worth noting that this list is flexible and can be customized based on the specific requirements of insurers:

  • Our team conducts both initial spot surveys and comprehensive final surveys to ensure a thorough assessment of the situation.

  • Swift submission of Initial Loss Reserve (ILA) on the same day for reserve creation. Fortnightly updates on loss reserves to keep insurers informed and updated.

    • Immediate on-spot verbal communication to the insured.
    • Writen communication through emails and letters to formalize the requirements

    • Monthly sharing of a comprehensive Claims Dashboard containing.
    • Number of outstanding claims
    • Value band and aging analysis of claims
    • Reasons for pendency
    • Insured-wise claim count with reasons for pendency.
    • Risk mitigation advice for high-frequency claims

    • Submission of final survey reports in both soŌ signed and scanned copy formats, as well as hard copies.
    • Inclusion of insured KYC, bank account details, and other necessary supporting documents.

    This suite of services is designed to not only streamline the survey and loss assessment process but also to enhance transparency and communication throughout. By providing timely updates, detailed reports, and relevant information, we ensure that insurers are well-informed and can make decisions based on accurate and up-to-date data. Our commitment to quick and efficient settlement is reflected in the proactive and comprehensive nature of the services we offer.

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