INSURANCE AND LOSS ASSESSMENT: A NEW RESOURCE FOR IBBI VALUATION ASPIRANTS

In a significant development for professionals preparing for the Insolvency and Bankruptcy Board of India (IBBI) Valuation Examination, the Council of Engineers and Valuers (CEV) has launched a comprehensive video guide to insurance and loss assessment. This resource has been specifically designed for aspiring valuation professionals and is set to offer valuable insights into the complexities of insurance and loss assessment in the valuation process.

The informative video covers a range of crucial topics, such as understanding insurance principles, types of fire policies, the concept of reinstatement value versus indemnity policies, and navigating valuation considerations such as value at risk and sum insured. With rising concerns over market volatility, the guide explores how inflation, depreciation, obsolescence, and betterment affect insurance provisions, ensuring that professionals are equipped to handle any valuation challenges effectively.

A key focus of the video is on helping valuation aspirants prepare accurate claims for damages caused by insured perils, a critical aspect of the valuation process under the Insolvency and Bankruptcy Code (IBC). The guide also delves into the rights and obligations of both insurers and insured parties, empowering professionals to navigate these relationships with confidence and understanding.

The video is a must-watch for anyone looking to gain a deeper understanding of how insurance plays a role in valuation. By focusing on real-world scenarios and providing clarity on the most essential concepts, the CEV video is poised to be a game-changer for valuation professionals in India.

For those gearing up for the IBBI Valuation Examination, this guide offers an indispensable tool that not only helps them understand insurance policies in the context of building valuation but also prepares them for the nuanced challenges of the modern financial landscape.