1220.0 - Australian Standard Classification of Occupations (ASCO) Second Edition, 1997

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 31/07/1997

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Contents >> 02 Structure & Definitions >> 5 Advanced Clerical and Service Workers >> 59 Other Advanced Clerical and Service Workers >> 599 Miscellaneous Advanced Clerical and Service Workers >> 5994 Insurance Risk Surveyors, Investigators and Loss Adjusters >> 5994-15 Insurance Loss Adjuster

5994-15	Insurance Loss Adjuster
	Insurance Loss Assessor

Inspects and assesses the damage or loss to insured property or business, estimates insurance costs, and acts to minimise the cost of claims for an insurance company.

Skill Level:
The entry requirement for this occupation is an AQF Certificate III or higher qualification or at least 3 years relevant experience. In some instances relevant experience is required in addition to the formal qualification.

Tasks Include:

inspects damaged buildings, equipment or motor vehicles to estimate the cost of repairs
estimates business losses resulting from fire, theft or other business disruptions
reports the extent of damage and estimated costs to the insurer
approves repairers' quotes, authorises repair work and supervises the progress of repairs
may call tenders for repair work
may interpret insurance policies and advise insurers whether claims are valid
may identify and select experts or consultants to advise on specialist areas
may negotiate settlements between the insurer and the insured