Property insurance relies on good quality data about the characteristics of buildings, and the replacement costs after a loss. Todd Rissel, CEO of e2Value was over in London, hosting a workshop with InsTech London and he spoke to Matthew Grant about the issues related to creating reliable valuation data and why undervaluation is such a problem in the market.
With a rich data set gathered from providing replacement values to the US insurance industry for 20 years, and through working with a range of partners, e2Value how he is now expanding its offering to provide more detailed information about US properties characteristics that are starting to be used for underwriting. More details can be found at http://e2value.com/
Listen to the podcast here or download the Instech London podcast from Itunes.