Principles and Practice of Insurance and Survey and Loss Assessment - IC S01

Principles and Practice of Insurance and Survey and Loss Assessment - IC S01

The "Principles and Practice of Insurance and Survey and Loss Assessment - IC S01" certification from the Insurance Institute of India is designed to equip professionals with a comprehensive understanding of the fundamental principles of insurance, including risk management, policy formulation, and loss assessment techniques. The certification includes the legal framework of insurance, underwriting practices, the role of surveyors in loss assessment, and the intricacies of claims management. The certification attests to your skills to assess losses accurately, enhancing their professional expertise in the field.
Why is Principles and Practice of Insurance and Survey and Loss Assessment - IC S01 important?

• Provides foundational knowledge of insurance principles and practices.
• Enhances skills in risk assessment and loss evaluation.
• Improves understanding of claims management processes.
• Increases employability in the insurance and risk management sectors.
• Validates expertise for career advancement in insurance-related roles.

Who should take the Principles and Practice of Insurance and Survey and Loss Assessment - IC S01 Exam?

• Insurance Surveyor
• Claims Adjuster
• Risk Manager
• Underwriter
• Insurance Broker

Principles and Practice of Insurance and Survey and Loss Assessment - IC S01 Certification Course Outline
The Principles and Practice of Insurance and Survey and Loss Assessment - IC S01 Certification covers the following topics -

Module 1. Risk and Theory of Probability.
Module 2. Origin, Development and Present Status of Insurance.
Module 3. Fire and Loss of Profits (Fire) Insurance.
Module 4. Motor and Engineering Insurance.
Module 5. Miscellaneous Insurance.
Module 6. Marine Cargo and Hull Insurance.
Module 7. Utmost Good Faith.
Module 8. Insurable Interest.
Module 9. Indemnity.
Module 10. Subrogation and Contribution.
Module 11. Proximate Cause.
Module 12. Underwriting Practices -1.
Module 13. Underwriting Practices -2.
Module 14. Types of Loss.
Module 15. Layout - Hazards and Risk Exposures.
Module 16. Law & Relating to Insurance Business1.
Module 17. Laws Relating to Insurance Business-2.
Module 18. Introduction to Surveys.
Module 19. Admissibility of Claims.
Module 20. Evaluation and Loss Assessment.
Module 21. Loss Adjustment.
Module 22. Reporting.
Module 23. Objectives, Processes and Professional Skills.
Module 24. Accounting Principles and Practices.
Module 25. Survey Profession-Past and Present.