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Home > Products > XML – API to InsureBASE™ for Insurance & Underwriting
 InsureBASE XML Point of Sale for Insurance & Underwriting
Homeowner Point of Sale and Policy Renewal Solutions
InsureBASE™ XML Homeowner Insurance Point of Sale and Policy Renewal replacement cost solutions provide the Property and Casualty insurance industry with fast, reliable and accurate information that enable simplified, straight-through processing using integrated Web services.
The result is a best of breed technology that produces real time policy quoting & renewal offerings that seamlessly integrate with Bluebook's replacement cost data engine and property information database that covers approximately 91% of households in the U.S.
Bluebook's Insurance Solutions were developed using Acord Standards and Microsoft development tools that provide our clients with unmatched scalability and reliability. Please see the following proof-of-concept.
InsureBASE™ is an automated residential property information and replacement cost solution designed to help the insurance industry mitigate risks by analyzing and maintaining accurate information on the properties they insure.
InsureBASE™ Features
InsureBASE XML allows users and developers to integrate Bluebook's 'best of breed' Estimated Replacement Cost solutions data directly into their own applications that provide integrated solutions that "deliver", end-to-end.
The type of information provided includes:
- Residential Replacement Costs
- Actual Cash Value
- Trade Depreciation Analysis
- Market Value
- Structure Characteristics
- Imputed Land Values
- Structure Life Expectancy
- Hazard & Risk Information
- Neighborhood Based Pricing
Bluebook's InsureBASE™ offering, coupled with its DataCentralT and global data providers, is now capable of providing from a single source, detailed property information and replacement costs for nearly 91% of the nations single family residences
InsureBASE™ exposes hidden risks and greatly reduces costs and cycle time associated with today's process.
InsureBASE™ offers unprecedented accessibility and cost savings using expert
decision-ready data critical to core insurance processes when:
- Point of Sale - Quoting and Renewal
- Setting insurance premiums and pricing standards & quoting
- Processing and validating premium renewals
- Confirming loss assessments of single-family residences
- Tie supply chain of service providers to a single communication/community
- Review customer profitability by: type, location, etc.
- Identify Properties for Re-inspection
- And Much More!
The Underinsurance Gap
Closing the underinsurance gap can make you more competitive by ensuring that the premium charges across a portfolio are balanced between actual exposure and ultimate claims cost. By determining which policies in your portfolio are underinsured, and upgrading those policies, you will see an increase in premium revenue. Once revenues are driven by full claims exposure, you have the option of safely lowering your rates, which will improve your competitive position, and possibly market share.
Highly Accurate Neighborhood-Level Replacement Cost Data
Bluebook's replacement cost data is widely used throughout the U.S. and Canada. For well over 40 years, it has been a leading replacement cost source now covering 680 cost categories and nearly 100,000 component prices. The Bluebook database is one of the most comprehensive and accurate available.
InsureBASE™ Product Overview
InsureBASE™ exposes hidden risks and greatly reduces costs and cycle time associated with today's process
Input the address and zip code to receive detailed property information and replacement cost details. Manual overrides on the system allow you the flexibility to supplement data in cases where additional information on a property is available. Use InsureBASE™ to determine the replacement cost on a single property or on an entire portfolio of policies (for example, a portfolio of renewals) - the choice is yours.
Scalable Underwriting Tool
InsureBASE™ provides a replacement cost for a residence within minutes, along with its current market valuation, property information and building characteristics, and a host of neighborhood and other underwriting information. It integrates data regarding physical attributes gained from a variety of proprietary and directly integrated industry sources to provide clients with a detailed profile of each property and a truer insight into the nature of the insured risk.
Simplify, Manage & Maintain:
- Individual or bulk portfolio analysis
- Determining market vs. replacement costs of residences
- Pre-population of screens, eliminating unnecessary data entry
- Automatic checks on information for renewals
- Validation of information on new business transactions
InsureBASE™ Product Specifications
InsureBASE™ has powerful features that stadardizes, streamlines and corrects policy and customer information.
Analyze hundreds of thousands of properties in about the same amount of time it normally takes to do a single physical home inspection or validation
- Web-Based Delivery
- XML Web Services
- Directly Integrated into Existing Solutions
- Via the Internet through a secure website
- Portfolio Review (batch processing)
"Bluebook's InsureBASE, with its global data partners, is capable of providing property information and estimating replacement cost (ERC) for the nation's approximately 70 million residential structures. Bluebook's InsureBASE product line offers the insurance and financial services industries unparalleled access to critical, decision-ready data via Web services using Microsoft technology.
Bluebook utilized the Microsoft server technology to scale its solutions and greatly extend the reach of information through its InsureBASE technology. By using Microsoft's proven development technology, we've opened our architecture to near-unlimited expansion. We consider the .NET Platform and Microsoft server products, including BizTalk, to be an essential part of our current and future product development strategy." said Mark Josipovich, CEO of Bluebook International, Inc.
Whether you access InsureBASE™ via the Internet or via your own business handling system, built-in security safeguards protect the sensitivity of the information and limit unauthorized viewing or access to data.
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