How to Audit Property Data for Your Insurance Statement of Values (SOV)
It’s a moving target subject to economic factors, new purchases, development, replacement and sale, shifting requirements and, the most frustrating and unpredictable element of all: human error. What is it? Your property data, the information you gather yearly for your insurance Statement of Values (SOV). And by auditing your property data before you submit it, you […]
What are the Benefits of a Property Insurance Valuation?
Before the next hurricane season sweeps the U.S., it’s a great time for property risk managers to batten down the hatches on an important but sometimes overlooked method of reducing risk — getting an accurate on-site property insurance valuation. An accurate property valuation offers serious benefits to help you reduce your organization’s risk and recoup […]
How Vehicle Management Software Revs Up Your Property Program
Buildings… property-in-the-open… It’s a lot to track and manage for insurance purposes. But having the right data on your insurance Statement of Values (SOV) can make a big difference in the size of your insurance policy — and your ratings! But there’s another type of property that, for some organizations, can be equally important to […]
Risk Management Resources: Conferences, Websites, Social Media and Hot Topics
If you’re in risk management, you know that knowledge and planning is the key to better risk mitigation. Which is why we’ve pulled together this list of risk management resources, to connect you to the latest important industry information– and fast! Interact with other risk management experts, learn more about topics like catastrophe modeling, ISO […]
Risk Management in Holiday Movies
Pop the popcorn and heat the cocoa! As the holidays approach, it’s time to gather together and watch those movies that have become an integral part of many families’ end-of-year traditions. Of course, when you look at them from a risk management perspective, some of them take on a whole new light. So pull up […]
Property Risk Management for Winter Storm Damage
When winter weather ravages regions unaccustomed to the icy attentions of Jack Frost (like one perilous February in Texas) the effects can be devastating and linger well-after the winter fury itself has passed. We’re talking about winter weather-related property damage, and the National Oceanic and Environmental Administration (NOAA) indicates that between 1980 and 2020, winter […]
Property Risk Management Software: Where Do the Maintenance Dollars Go?
by Patrick Whitney, Customer Care Manager Whether you use Centurisk’s RiskStar software for property risk management or you’ve purchased another system, you may have noticed a line in your SAAS agreement called “maintenance.” With RiskStar, maintenance is included in your software package as a service. But you may have wondered: what does “maintenance” really mean? […]
Writing Your Appraisal RFP for Property Insurance Appraisal Services
by Greg Friz, Director Comparing apples to apples, or apples to oranges? As a Director of Accounts at Centurisk, I’ve been involved in our division’s response to numerous RFPs over the years. So I understand the challenges that organizations face when trying to sum up their entire property insurance appraisal needs in document form. Because […]
Five Strategies to Help Ensure a Smooth Software Implementation
by Tyler Stuber, Director of Professional Services/Operations An implementation is adopting a software application into a business workflow. And at first glance that may sound simple, but it involves a lot of different moving parts. That’s why every implementation here at Centurisk follows a proven process designed to identify a client’s business needs, improve a […]
Take the Keys: How a Configurable RMIS System Puts You in the Driver’s Seat
by John Paudel, Senior Software Architect The risk industry is changing. Capturing more data points and providing more analytics for those points has become more important than ever before. If you work in any aspect of risk management within your organization, you recognize the enormous amount of information you need to process and track. It […]