How State Governments, Risk Pools & Schools Benefit from Data Risk Management
When you’re managing property data to mitigate risk, it seems like there’s always something new to learn, gather and document. Between Statement of Values (SOV) submissions, catastrophe modeling and now convective storm modeling, the sheer amount of details to track, in order to ensure thorough insurance coverage and the best possible rates are monumental– and […]
The Benefits of Integrating Training within Your RMIS System
by Meghan Webley, Customer Success Representative If a risk management department wants to be truly successful with their RMIS system, training helps form the foundation for that success. Training unifies users with consistent understanding and increases system reliance, so you get the most from your technological investment. With true knowledge of how the system works, […]
Centurisk: A Growing Team Serving Up Customer Success
At Centurisk, we consider ourselves successful when our customers are successful. And in that spirit of collective winning, we’ve been building up our risk management team to keep pace with our customers’ needs for quality services. We started by opening a brand-new San Antonio office in 2022, to better serve the Western U.S. Heading up […]
Take Your Child to Work Day 2020 Goes Risk Management
This year, Centurisk created our first ever “Take Your Child to Work Day” Risk Management Workbook to help the children of risk management professionals learn a little bit more about what their parents do each day! From big bad wolves to convective storms, here’s a look at some of the great artwork we received after […]
7 Common Types of Mistakes Found on Property Schedules
by Justin Deem, Vice President of Appraisal Operations When applying for proper property insurance coverage, it’s important to have a complete and accurate property schedule. Why? A well-prepared schedule of information helps ensure accurate coverage and the best ratings possible. It speeds up the underwriting process and provides transparency for everyone involved in the process. Plus, […]
Benefits of Automating the Claims Management Process
by Elliott Holmes, Software Developer In the Claims industry, automating the claims management process has evolved from “How can we achieve automation?” to “When can we achieve automation?” Despite the desire to employ today’s industry best practices, many organizations’ processes continue to revolve around the use of cumbersome Excel spreadsheets, lengthy documentation workflows, or in-house […]
What to Look for When Choosing a Property Appraisal Company
We all know that age-old saying: “You get what you pay for.” And when you’re choosing a property appraisal company, there are several important factors that can prove that adage true. When you engage an appraisal firm, you place a lot of heavy responsibility into the hands of your vendor because, let’s face it, your […]
What Robust Property Risk Software Means for Your Organization
by Ryan Tate, Director All property insurance programs are different: that, we know. But whether we’re talking about States, Risk Pools, or smaller public entities like counties, municipalities or school districts, it’s fair to say that they all have common problems when it comes to managing and perpetuating their property data. As insurers and reinsurers […]
Property Risk Management Reporting: The Reports that Help Reduce Risk
An effective Property Risk Management System is about more than the property appraisal data that you pour into it. (Though collecting property data is still a critical part of the process.) It’s also about the robust level of information you can get out of your system. The ideal property risk management system should help you form a […]
Property Valuations for Insurance: 3 Scenarios to Avoid
Addressing 100% of the buildings and structures listed on a statement of values (SOV) with property insurance valuations can seem like a daunting task. One rule of thumb, sometimes used to make the task more manageable, is to set a threshold. Then, everything currently valued above the threshold will be appraised while everything below it […]