The right sum insured and risk in euros, from policy to claim
The market value and risks of every property, from signing the policy to the claim. Spot underinsurance and overinsurance, see portfolio risk in euros and check the order of magnitude of claims quickly.
- Underinsurance and overinsurance made visible Compare the sum insured with the property’s market value across the portfolio.
- Catastrophe risk in euros See how much of the portfolio’s value lies in a risk area.
- Risk score for anomalies Helps detect unusual values and possible fraud.
How does REdata help insurers?
Underwriting
Today: the sum insured is based on the client’s declaration, which is hard to verify.
- Market value and price range from the address, compared with the declared value
- Large differences can be routed to review automatically
- Unified property data: building register, cadastre, energy certificate and transaction data
Example: if the declared value differs significantly from the model’s valuation, the policy is sent for review before it is signed.
Portfolio management
Today: portfolio risk is known as a number of properties, not in euros.
- Periodic revaluation of the entire portfolio
- Concentration risk by city, region or risk zone
- The impact of floods, storms and fire in euros
Example: see how much of the portfolio’s value lies in a flood-risk area.
Claims handling
Today: valuing a property after a loss takes time and often requires an appraiser.
- The property’s approximate pre-loss value straight away
- A check of the claim’s economic order of magnitude in the event of total loss
- An unusual gap between the claim and the model’s valuation raises the risk score
Example: on the first day, the claims handler sees whether the claim is consistent with the property’s value.
See your portfolio’s risk in euros
In 30 minutes we will show you, using properties you choose, how REdata detects underinsurance and overinsurance.