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CS Professional · Banking and Insurance - Laws and Practice · Professional Opportunities

Meera, a company secretary in practice, is approached by a mid-sized Indian insurer that wants an independent professional to examine whether its board processes, policyholder-protection norms and IRDAI filings are being followed. Which career role in the insurance sector best matches this engagement?

The engagement is compliance and governance advisory. Reviewing board processes, policyholder-protection norms and regulatory filings is the core of a company secretary's role in an insurer. Surveyors assess losses, agents sell policies and actuaries value liabilities, so those roles do not match the work described.

  1. AInsurance surveyor and loss assessor
  2. BCompliance and governance adviser to the insurerCorrect
  3. CInsurance agent selling policies to retail customers
  4. DActuary valuing policy liabilities

Explanation

Examining board processes, policyholder-protection norms and regulatory filings is compliance and governance advisory work, which is a natural fit for a company secretary. A surveyor assesses loss on claims, an agent sells policies, and an actuary values liabilities using mathematical models. None of these three describes the engagement.

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