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Wednesday, September 7, 2011

360Value® enhance the property valuation system

Xactware and AIR Worldwide jointly launches 360Value®, a web-based replacement-cost estimator for residential properties, commercial properties and agricultural. The software is ideal for insurance agents, underwriters, inspectors, property owners and others to figure out the cost to rebuild properties, make property valuation, improve risk management and enhance business decisions.

360Value® is applied for the following purpose :-
To determine the replacement costs at the time of quoting, underwriting data analysis and management reporting
Rationalize workflow through property prefill
To update estimates for policy renewal
To accomplish periodic assessments of a portfolio to find out policies with obsolete estimates and property information.
Manage catastrophe risk
Enhance the policyholder experience
Consolidate underwriting data

This component based software is liable for all the material and labor components required to reconstruct the structure. 360Value obtains the underlying material and labor cost data, in part, by analyzing more than 3 million damage-repair estimates each year.

360Value connects the underwriting and claims functions to facilitate the insurers to predict the claim loses and speed up the claim process. The adjuster are able to bring the replacement cost up to date and evaluate the property details before a site visit.

Posted by Rajib Dey
Business Development
Global Associates
A pioneer company in 
construction estimating
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