Do you have adequate reliable information on your clients’ assets? Do they really understand the basis behind the declared values at risk? Could you have an issue if your client is subject to average after a claim? Are you facing longer renewal periods with more questions on declared values from insurers?

We understand that building and maintaining a long-term relationship with risk managers and insurers is an essential component to successful broking. Industry and location knowledge is often at the core of those relationships.

To support brokers guiding clients through the renewal process, and specifically on identifying any discrepancies with current sums insured, John Foord have developed an industry-leading cloud based platform that provides brokers with instant access to estimated asset reinstatement costs across a wide range of industries, globally.

By entering a small number of easy to collate data points on a location, John Foord Analytics can produce an estimate of the current reinstatement cost of the facility by using machine learning and modelling to benchmark the location against thousands of similar locations.

As an independent platform, John Foord Analytics can help brokers navigate challenging situations such as under or over insurance, incomplete asset information and conflict of interest concerns from asset owners.

Not only does a John Foord Analytics report give brokers, asset owners and insurers the comfort that values have been assessed independently but, by providing objective and researched validation of appropriate reinstatement costs, a John Foord Analytics assessment can assist insurance placement, reduce potential for confrontation during post loss claims, provide consistency across diverse portfolios and reduce effort in collating information for insurers.

Are you confident in the loan to value ratios across your portfolio and would understanding current replacement costs give you more comfort on your security?
Are you at risk of under insurance of assets by the borrower putting your loan at increased risk? Do you have adequate information on the assets you have lent against? Can you easily identify assets that could be under or over valued?

John Foord Analytics platform offers financiers and banks an innovative and simple way of validating the information they are being provided with on insurance risks.

By entering a small number of, easy to access, data points on a location, lenders and investors can get instant understanding on the estimated reinstatement costs of a facility. This can help identify whether a facility is under insured, an often hidden risk to loan security.

Not only does a John Foord Analytics report give clients the comfort that values have been assessed independently. but by providing objective and researched validation of appropriate values, John Foord Analytics can assist in lending transactions, reduce discussion during loan approvals, provide consistency across diverse portfolios and identify possible gaps in value.

Do you have concerns with the information you are being provided with on values at risk? Is the insured or broker giving you adequate information on the assets? Do you really understand the basis behind the declared values at risk? Can you easily identify under or over insurance?

John Foord Analytics platform offers insurers a solution to the challenges of defining accurate values at risk. By entering a small amount of easily accessible information on a location, insurers can get an immediate indication of the estimated current reinstatement cost, based on analysis of thousands of similar facilities.

Using the latest, transparent machine learning and modelling techniques, John Foord Analytics can produce accurate reinstatement costs across large portfolios, globally, giving insurers and re-insurers unprecedented insights into the real sources of under or over insurance across their book.

Not only does a John Foord Analytics report give insurers the comfort that values have been assessed independently but, by providing objective and researched validation of appropriate reinstatement costs, John Foord Analytics can speed up the underwriting process, reduce confrontation during post loss claims, provide consistency across diverse portfolios and identify possible gaps in sums insured.