"The Commercial Property Valuation Platform is an example of the technology that is needed to drive commercial property valuation into a future state. "
- Rebecca Fuller, Kroll managing director and global fixed asset advisory services leader
The Commercial Property Valuation Platform provides clients with fast insights at scale, access to global proprietary valuation data and real estate valuation expertise so that property owners can quickly identify gaps in insurable value and take strategic action.
The platform was launched in response to industry fears over commercial underinsurance. Kroll believes it is “crucial for valuations to keep pace with the risk posed by individual properties or property portfolios as they determine premium and pricing.” To reduce these risks, Kroll designed the platform to provide a comprehensive view of large-scale portfolios’ insurable value risks with automated analytics to help illustrate the property risk across a portfolio.
Likewise, Kroll’s property valuation algorithm helps clients proactively remedy overinsurance and underinsurance, by identifying disparities in value. Users of the platform can also ‘slice and dice’ data and portfolio analysis by multiple variables, including geographic areas, occupancy types and valuation sizes. This means that insurers, brokers, and property owners can quickly visualize and prioritize their risks and opportunities.
Commenting on this announcement, Rebecca Fuller, Kroll managing director and global fixed asset advisory services leader, has said:
“The uncertain business environment coupled with changes in the market due to inflation mean property valuations are continually shifting. Our clients need solutions that can anticipate their needs across their entire enterprise and the Commercial Property Valuation Platform illustrates how Kroll continues to address client challenges in innovative ways.
“The Commercial Property Valuation Platform is an example of the technology that is needed to drive commercial property valuation into a future state, especially in the context of today’s ever-changing valuations due to current economic volatility and growing issues of underinsurance.”