Ensuring insurance to value (ITV) is good for all parties throughout the (re)insurance value chain: Policyholders are better protected in the event of a total loss, insurers can collect premiums appropriate to the risk, and reinsurers can more accurately assess the risk they are assuming from each of their cedants.
(Re)insurers require granular, timely, and comprehensive replacement costs estimates to successfully navigate today’s volatile, inflationary environment.
360Value is one of the only valuation tools using component-level reconstruction costs that are updated monthly and based on over 20 years of actual insurance claims data, localized for the properties you want.
Touchstone fuels business agility and innovation by enabling you to bring together internal and external views of risk on one holistic platform.
Verisk recommends five strategies to help avoid outdated valuations that could leave insurers and their customers vulnerable in the event of a total loss.
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