Which term describes a professional who estimates the value of an asset or the likelihood and costs of an event?

The term that describes a professional who estimates the value of an asset or evaluates the likelihood and costs associated with an event is an appraiser. An appraiser is specifically skilled in determining the market value of assets such as real estate, personal property, and other types of assets through detailed analysis and comparison methods.

In the context of insurance, appraisers play a crucial role by providing assessments that influence decisions regarding coverage, claims, and overall asset management. This expertise ensures that clients receive accurate valuations that reflect current market conditions or potential loss scenarios.

While other roles, such as claims adjusters and underwriters, are involved in various aspects of insurance and risk management, they focus more on evaluating claims, determining coverage, and assessing risk rather than providing direct valuations of assets.