Insurity, a renowned provider of cloud-based software solutions for insurance carriers, brokers, and MGAs, and e2Value, a leading figure in web-based property valuation solutions, have teamed up to offer promotional pricing for valuation and replacement cost calculations for insurance organisations.
For years, e2Value has worked with Maprisk, an Insurity company, aiding insurance organisations in better risk management and financial loss minimisation via the provision of the latest replacement costs for commercial and residential buildings.
Insurity delivers cloud-based software to various insurance entities, including carriers, brokers, and MGAs. Trust from 22 of the top 25 P&C carriers and seven of the top 10 MGAs in the US, plus over 400 cloud-based deployments, cements Insurity’s market position. They empower customers by enhancing core business functionality, optimising operations, and enriching policyholder experiences through their industry-leading digital platform and robust analytics offerings.
Conversely, e2Value is the favoured property valuation solution for over 800 companies with 600,000 users. Their service’s effectiveness in growing business footprints, attracting new customers, and retaining existing clients with fast, affordable, and convenient valuations is well proven with tens of millions of calculations completed.
This partnership comes at a time when claims to building materials have seen a significant surge in costs, directly affecting many insurance organisations’ profit margins. e2Value’s patented tools offer a review of a structure’s current state, providing valuable insights for future business planning via valuation reports.
Insurity is set to offer this collaborative service at a promotional rate for a limited period. Insurers capitalising on this promotion will access e2Value’s valuation and replacement cost calculation tools at a discounted rate.
e2Value CEO Todd Rissel said, “We’re excited to continue our partnership with Insurity and provide our patented valuation services to their customers. Within this partnership, Insurity customers will gain a more accurate picture of risk with our comprehensive valuation reports and be able to provide more competitive rates to their policyholders.”
Insurity’s chief analytics officer, Kirstin Marr, remarked, “Having a current valuation will be one of the most important capabilities for insurance organisations, especially in our current economic landscape. Integrating e2Value’s patented estimator with Insurity’s solutions can enable insurers to quickly calculate the cost of replacing a structure and provide them with a rapid, cost-effective, and accurate replacement cost valuation.”
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