CEV LAUNCHES KEY VIDEO RESOURCE FOR IBBI VALUATION EXAMINATION ASPIRANTS ON INSURANCE AND LOSS ASSESSMENT
For professionals aspiring to pass the IBBI Valuation Examination and build a successful career in the field of valuation, the Council of Engineers and Valuers (CEV) has released a comprehensive and detailed video guide on insurance and loss assessment. This initiative is set to be an invaluable resource for anyone preparing for this challenging exam, offering in-depth coverage of critical topics that are central to the valuation process.
The guide addresses fundamental insurance principles, emphasizing the concept of insurable interest and the respective duties of insurers and insured parties. Aspiring valuers will gain insights into fire policies—both reinstatement and indemnity policies—along with an understanding of how these policies can be applied to buildings and other assets. The video is especially beneficial in clarifying how to assess the value at risk, the sum insured, and the condition of average in real-world scenarios.
A significant part of the video focuses on loss assessment, a topic that plays a vital role in determining insurance claims. The video not only covers the preparation of claims following insured perils but also educates professionals on the impact of inflation, depreciation, and obsolescence on insurance provisions.
One of the standout features of the video is its exploration of the nuanced relationships between insurers and insured parties, providing clear guidance on the rights and obligations that need to be understood when working with insurance in the context of valuation. This understanding is key for aspiring valuers, especially as the role of registered valuers under the IBC continues to evolve.
CEV’s resource is an essential tool for all IBBI Valuation Examination aspirants, giving them the knowledge and confidence to tackle complex insurance-related valuation scenarios and excel in the exam. This video serves not only as an educational tool but also as a practical guide to navigating the intricate world of valuation and insurance.
