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MASCO Code
2411-07
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Adjuster investigates and evaluates an insurance claim to determine the extent of compensation, examining damages to property, vehicles, or businesses. They assess losses, review relevant documentation, interview the claimant and witnesses, and negotiate settlements within policy limits. The role includes ensuring the claim is processed fairly and promptly, maintaining accurate records, and preparing detailed reports in accordance with legal and regulatory requirements.
Tasks
Investigate insurance claims by inspecting damaged property, vehicles, or business-related losses to assess the extent of damage and loss.
Gather, verify, and analyse claim evidence, including photographs, reports, estimates, and witness statements.
Review insurance policies to determine coverage, exclusions, liability, and applicable claim conditions.
Interview and liaise with claimants, witnesses, insurers, legal representatives, and other relevant parties to clarify claim information.
Assess repair estimates, replacement costs, and other verified financial losses related to claims.
Determine claim compensation in accordance with policy terms, verified damages, and relevant legal and regulatory requirements.
Prepare detailed claim investigation and assessment reports with findings and settlement recommendations.
Negotiate claim settlements with claimants or third parties within policy limits and organisational guidelines.
Maintain accurate claim documentation and records, and ensure claims are processed fairly, promptly, and in compliance with legal, regulatory, and organisational requirements.
Skills
Basic
Active listening and critical thinking to understand issues and solve problems.
Attention to detail and integrity when handling sensitive information and documentation.
Excellent communication skills for interviewing, reporting, and negotiating.
Good interpersonal skills to interact with claimants and stakeholders.
Strong analytical abilities to assess claim details and make fair decisions.
Specific
Ability to negotiate fair and timely claim settlements within policy limits and organisational guidelines.
Ability to prepare clear, accurate, and comprehensive claim investigation and assessment reports.
Competency in claim investigation and identification of inconsistencies or irregularities in supporting evidence.
Competency in damage assessment, loss evaluation, and claim valuation.
Knowledge in insurance policy interpretation, coverage determination, and claims regulatory compliance.
Knowledge in legal and technical terminology related to insurance claims assessment and settlement.
Knowledge in liability assessment, policy conditions, and claim compensation determination.
Proficiency in claims management software and claims documentation systems.
Additional Info
QUALIFICATION
Bachelor’s degree or equivalent
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