Computers Tablets and Components

Q

"When truth is hurled against falsehood, falsehood perishes, for falsehood by its nature is bound to perish". Ch. 21, V.18, Holy Quran.***shujaathahmed@yahoo.co.in***

Free posting for Jobs available and Jobs wanted

Find the jobs you need and post your job requirements for free on the New Blog Pages -*** Jobsavailable ***Jobs wanted ***Send your job requirements/need brief to creativeassociatesho@gmail.com

GA

General Awareness for All | Cultural Shock | Islamic Banking | Professionalism | Fake Degree | Bubbling Controversy | Motor Insurance in Saudi Arabia | Surge in Medical Insurance | Type of Insurance Policies | Job Oriented Training | Knee Jerk Reaction | Swing Flu Scare | Fire Safety | Umra and Uglly virus H1N1 | Collaborative Culture | Fire Prevention | Afghanistan towards credible Democracy | Insurance of Construction and Erection | Hyderabadi Ramadan in Saudi Arabia | Solar Energy | Job Oriented Training | Elusive Charity | Victims of recession | Nigeria Violence | War Hysteria | Police Clearance | Medical Malpractice Insurance | Corporate Governance | Jinn in my Office | Insurance Industry | World in Turmoil | Benefits of honey | Chinese writeup | Hindi writeup | Urdu writeup | Arabic writeup | Non-Financial Risk Management for Bank Managers | First Saudi Insurance Symposium | Insurance Companies and Links | My visit ot Eastern Province | Beware of Terrorism | Some Lotteries and Offers | World Cup Cricket - Semi final | IFCE course Willis Dammam | Congratulations to India for winning | Insurance Industry in India | Excess and or Deductible | Punishment in school against motion | Burqa Ban in France - Debate | Insurance Foundation Certificate Test 3 | Insurance Foundation Certificate Test 2 | Insurance Foundation Certificate Test 1 | Nostalgic Moments | Meeting Photographs -Royal and SunAlliance | Jeddah visit | Heavy Weights and Contributors | Training at Institute of Banking | General Insurance Companies in India | List of hopsital in Saudi Arabia | List of Insurance Companies in Saudi Arabia | Training at Carltorn Hotel | Non-Financial Risk Management for Bank Managers -2011 | IFCE course Jeddah | Indian Passport pressing Question

Books

CA

Creative Associates | Trainee Surveyors enrollment list April 2012 to September 15, 2012 (For full version visit IRDA site) | SOME OF THE LOTTERIES AND OFFERS – IS THIS FRAUD OR PHISHING OR SOMETHING ELSE - Part 1 | List, of, Insurance, and, Reinsurance, Companies, and, Services, Providers, 12/08/1432, H –, 13/07/2011, | MPHIL/PHD Entrance Exam Jan-2013 Cycle - IGNOU | Time to understand Muslims | Site Map | Saher Traffic Violations | Government Universities in KSA | Motor Insurance Photograph | Blog-posts | First Saudi Insurance Symposium | Speakers | Agenda | List of Insurance and Reinsurance Companies | Islamic Banking | Insurance Industry | Medical Insurance | Callous Attitude | Global Warming | Fire Safety | Technical Insurance and Types | Saudi Arabian Monetary Agency Release | 3rd Saudi Insurance Summit | 3rd Saudi Insurance Summit | Questions on Career | Insurance Co-ordinator role | Insurance types in Saudi Arabia | Interview with Insurance expert | SAMA licences Saudi Re | ARIG - 2nd Quarter performance | Questions on Medical Insurance | Viewers Response | Medical Insurance in Saudi Arabia | Saudi Arabian Insurance Brief March-23 | Saudi Arabian Insurance Brief March | AON opens new middle east HQ | ARIG - posts net profit | Saudi Arabia licences MARSH | Royal and SunAlliance changes its name | Employment Opportunities | Regulation of Insurance | Property Damage | Master Information | Pre existing is key to Medical Insurance | Does Medical Insurance cover Traffic accident | Manpower Recruitment | Insurance Industry expertise Jobs | Medical Insurance in Saudi Arabia | Summary of Indian Union General Budget | Motor Insurance in Saudi Arabia | Insurance of Construction and Erection | Impending IPO's | Insurance Directory | Insurance providers in Saudi Arabia | Banks in Saudi Arabia | Insurance in Saudi Arabia | Booming GCC Insurance Market | Insurance Q & A | Medical Insurance | Eroding Income of Expat Indians | Insurance Database | Professional Insurance education | CCHI wording | Indian Insurance update | List of some of Medical facilities

Friday, November 7, 2008

Question related to Careers for Engineers in Insurance Industry and Motor Insurance

By Shujaath Ahmed Khan
(Published by Saudi Gazette on 22-06-1008)
Q: I liked one of your questions related to insurance career. As a student I am interested in joining the insurance industry. Could you provide me the options and benefits available to the freshers, like me, who are interested in pursuing career in insurance? I am interested in taking an engineering degree along with insurance.
A: It is good that you have decided to make insurance a career at an early age. Insurance companies do have a shortage of engineers. One of the specialist fields of insurance is known as Engineering Insurance. It encompasses construction (civil, electrical and mechanical) risks, machinery breakdown, boiler insurances, aviation insurance, plant and equipment insurance etc. Also engineers have other areas in insurance industry where they can add value. First one is Risk Management, where most of the insurance companies prefer to hire engineers. The other area is Loss Adjusting. In this field you have insurance companies which have loss adjusting teams and specialist organizations like surveyors and loss adjusters. Apart form these, you may also choose insurance marketing as your career. While pursuing your engineering studies you may simultaneously write professional insurance examinations which are held twice a year.
Q: One of my personal cars was insured with a major insurance company. I had insured the vehicle for SR 130,000. During the policy period I met with an accident. I hit the roadside railing and my vehicle toppled and turned. My vehicle was totally damaged and I was hospitalized for a week. My insurance company settled the claim for SR90,000. Later, I felt that I was pressurized to accept the amount. How can they reduce my claim by 40,000?
A: Most insurers fail to inform the insured about the significance of estimate of the insured vehicle. In most of the cases, where the vehicle is total loss, the insured feels that the insurance company has cheated him whilst settling the claim. But the fact may be different. It is the responsibility of the insured to provide a right estimate of the value of the car to the insurer.The correct procedure for settlement of total loss claims is to pay to the insured the market value i.e. replacement value of similar make and model or insured value of the vehicle, whichever is less. Any recoveries and deductibles are debited from the gross amount. If you could buy similar vehicle (the one which you were using at the time of accident) manufactured in that particular year for around SR90,000 then the settlement is reasonable.However, if the similar vehicle costs more than SR90,000 then you should not have accepted the settlement. If you are sure about the market value being higher than the settled value, then you can pursue with your insurer to re-consider their settlement.
* Shujaath Ahmed Khan, an MBA, General Manager, Creative Associates is also a consultant and an expert in Insurance, Investments and Real Estate. He can be contacted at shujaathahmed@yahoo.co.in, website-www.creativeassociates.blogspot.com.

Role of Insurance Co-ordinator in Saudi Arabia

-He will invite the quotes from various insurance companies and evaluate the offers provided vis-à-vis the risk and will recommend the best Offer and the best Insurance Company suitable to provide the Insurance coverage. He knows the best type of policy needed to insure the property belonging to the Company – Physical as well as human. He should be familiar with the Market Mechanics and get the quotes from right Insurance companies at right times. This will provide adequate coverage at a reasonable cost, thereby saving in terms of money.

-He should be familiar with all kinds of insurances and their claims procedures in respect of vehicles, property and other assets, construction projects, erection risks, machinery insurance, Liability insurances, workmen insurances vis-à-vis GOSI, Plant and equipment insurance, and employee insurance. He should be more familiar with the Compulsory Health insurance set by the Government and procedure for compulsory motor insurance requirements.

-He should make sure that suitable and economical insurance package is prepared for the benefit of the Company covering the right type of the risks. He will take responsibility to insure all Company assets and ongoing projects. He should able to advise on the requirements for self Insurance, where necessary.

-He should co-ordinate with the Insurance companies in respect of Mandatory Insurances so that the employees are put on the government website on timely basis, in-order to avoid delays in Iqama renewals and processing. On motor, projects and Bank L/C's or loans suitable follow-up of certificate of insurance is taken care of.

-Time to time Insurance Companies survey the premises to make sure that Risk Management is complied with. His duty is to ensure that the Company is fully complied with Insurance Companies recommendations and also the recommendations of governmental bodies like Governmental Fire Department, Industrial Area Safety Department etc. in respect of Risk recommendations.

-He will actively involve in the pursual of Insurance claims. Pro-active approach in this will save the company lot of money as there will be less rejections. He will be responsible with liasoning with the Insurance Company and the internal departments of the Company.

Types of Insurances in Saudi Arabia and India

all risks insurance in saudi arabia,
aviation insurance in saudi arabia,
business interruption insurance in saudi arabia,
construction insurance in saudi arabia,
domestic maid insurance in saudi arabia,
employee dishonesty insurance in saudi arabia,
erection insurance in saudi arabia,
fidelity guarantee insurance in saudi arabia,
fire insurance in saudi arabia,
group life insurance in saudi Arabia,
general insurance in saudi arabia,
health insurance in Saudi Arabia,
insurance education in saudi arabia,
liability insurance in saudi arabia,
life insurance in saudi arabia,
loss of profit insurance in saudi arabia,
machinery insurance in saudi arabia,
machinery all risks insurance in saudi Arabia,
marine insurance in saudi arabia,
medical insurance in saudi arabia,
medical malpractice insurance in saudi arabia,
money insurance in saudi arabia,
motor insurance in saudi arabia,
personal possession insurance in saudi arabia,
personal possession insurance in saudi arabia,
professional insurance education in saudi arabia,
property insurance in saudi arabia,
property all risks insurance in saudi Arabia,
third party insurance in saudi arabia,
travel insurance in saudi arabia,
workmen compensation insurance in saudi arabia,


all risks insurance in india.,
aviation insurance india,
business interruption insurance in india,
domestic maid insurance in india,
employee dishonesty insurance in india,
erection insurance in india,
fidelity guarantee insurance in india,
fire insurance in india,
group life insurance in india,
general insurance in india,
health insurance in india,
insurance education in india,
liability insurance in india,
life insurance in india,
loss of profit insurance in india,
machinery insurance in india,
machinery all risks insurance in india,
marine insurance in india,
medical insurance in india,
medical malpractice insurance in india,
money insurance in india,
motor insurance in india,
personal possession insurance in india,
personal possession insurance in india,
professional insurance education in india,
property insurance in india,
property all risks insurance in india,
third party insurance in india,
travel insurance in india,
workmen compensation insurance in india,