Ashu Gupta

Merit holder Fellow Chartered Accountant with diploma in insurance risk and management. An experienced insurance professional in general insurance sector in the areas of claim management, reinsurance, branch setup and an experienced surveyor loss adjuster.

Experience:

Case Study 1/5:

Policy type: Product Liability Policy.
Nature of loss: Product rejected by the customer of the insured.
Claim: Insured claiming for cost of product rejected and recall expenses AED 3.5 MILLION.
Adjustment: AED 50,000/-

Case Study 2/5:

Policy type: Fidelity Guaranty Unnamed Floater Policy.
Nature of loss: Infidelity in Jewellery shop.
Claim: AED 425,000/-
Adjustment: AED 175,000/-

Case Study 3/5:

Policy type: Bankers Indemnity Insurance Policy.
Nature of loss: Misappropriation of fraud by showing accounts fictious cash deposit entries in various accounts without actual cash deposit, initiating RTGS transfers from customers to own account.
Claim: AED 700,000/-
Adjustment: AED 635,000/-

Case Study 4/5:

Policy Type: Property All Risk Insurance Policy
Nature of Loss : STFI Peril - Damages to insured properties and stocks along with BI, due to inundation of flooded water and ingress of rainwater from ceiling following heavy rainfall and windstorm.
MD Claim : USD 2.9 Million (AED 11 Million)
BI Claim : USD 100,500 (AED 4,50,00)
MD Adjustment : USD 2.7 Million (AED 9.9 Million)
BI Adjustment : USD 58,000 (AED 200,000)

Case Study 5/5:

Policy Type: Property All Risk Insurance Policy
Nature of Loss : the insured villa, suffered extensive damage caused by severe rainfall and a windstorm
MD Claim : USD 290,000 (AED 1.1 Million)
MD Adjustment : USD 250,000 (AED 920,000)