Page 44 - Insurance Times March 2021

3.86 percent. Also huge number of incidents are not will help in decreasing road accidents as well as their losses
reported in police. Hence the statistics do not reveal the will also decrease.
correct picture of the accidents. Insurance Surveyors can also play an important role in ROAD
This road safety measures are vigorously taken by the Govt. Safety. They are an important stakeholders in whole
of India from time to time. The Union Cabinet on 15.03.2010 process. Motor Insurance is an important portfolio
approved National Road Safety Policy. The National Road for Surveyors also. They are responsible to assess the
Safety Policy outlines the policy initiatives to be framed / losses for road accidents and along with that they can give
taken by the Government at all levels to improve the road their opinion in order to avoid the accidents as well as
safety activities in the country. suggest the ways and means to the insureds as well as the
insureds.
The Policy Includes:
Risk Management is only one and single measure which
X Establish a Road Safety Information Database
should be followed by one and all entity may be automobiles
X Ensure Safer Road Infrastructure
companies, individuals, other stakeholders to follow road
X Implementing Safety measures in Vehicles
safety guidelines. Risk Management will not only help in
X Implementing safety measures for Drivers preventing death of precious human lives but also to
X Ensure Safer Road Infrastructure safeguard loss of property. Country loses precious resources
X Safety of Vulnerable Road Users of people in these accidents.
X Road Traffic Safety Education and Training Recently the central Govt. has announced several measures
X Enforcement of Safety Laws for minimizing / arresting the Road Accidents by bringing the
X Emergency Medical Services for Road Accidents scrappage policy of age old automobiles, electric vehicles,
X HRD & Research for Road Safety usage of BS VI vehicles only apart from making the highways
X Strengthening Enabling Legal, Institutional and and other roads to be constructed in the manner to avoid
Financial Environment for Road Safety the accidents to the minimum, However, Risk Management
X Implementation of the Strategy by all the Stake Holders for self safety and avoiding the loss
of resources is the only answer for the Road safety.
Insurers are mainly worried about the road accidents for
payment of compensation for third party insurance as well Risk Management Association of India is an NGO engaged
as personal accident policies. The Motor portfolio in in promotion of Risk Management Culture in India. We are
insurance companies is bleeding due to the third party doing lot of activities in the area of education and
compensations. There are lot of anomalies in litigation also awareness. Recently we launched a Online course on Risk
which is witnessed by corrupt practices and time taking Management. More courses are in progress.
procedures. Insurers and intermediaries must play an I would also like to thank IIISLA for joining hand and we can
important role in creating awareness for road safety. This organize more events like this jointly in future.

ROLE OF GENERAL INSURANCE SURVEYOR IN MITIGATION OF

ROAD ACCIDENT

Shashi Bhushan, Council member (IIISLA, East Zone), Ex. Chairman (IIISLA, East Zone)

A. Role and responsibilities of General 6. Pointing out discrepancy or ambiguities in the verbiage
Insurance Surveyor of the policy.
1. Assessing the loss after proper investigation 7. We may recommend “ON ACCOUNT PAYMENT” upto
2. Redressal of conflict of interest 75% whichever admission of liability to provide
3. Maintaining confidentiality and neutrality immediate financial relief to the insured.
4. Thoroughness in data provided as Spot Survey, estimate
etc. B. Role of Surveyor in mitigation of Road
Accident:-
5. Providing damaged prevention advice to insurer/
insured or his/her representative i) Analysis of cause of loss.

44 The Insurance Times, March 2021