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Home > Products > InsureBASE™ for Property Insurance Underwriting
 InsureBASE™ for Insurance and Underwriting
What Do You Want to Know About the Properties and Customers You Insure?
InsureBASE™ is an automated residential property information and replacement cost solution designed to help the insurance and related industries mitigate, identify and validate risks by analyzing and maintaining accurate information on the properties they insure.
InsureBASE™ delivers Unparalleled Access to Residential Replacement Cost, Values and Information to over 70 Million Properties.
InsureBASE™ Features
Analyze thousands of properties in about the same amount of time it would normally take to do a single physical home inspection or validation
The InsureBASE™ solution scans a portfolio and produces a detailed risk analysis on each property. (see below)
The Bluebook database has been integrated with the application so updates to the data are automatic, therefore, the information is always as current as is available.
Bottom line: InsureBASE™ delivers accuracy and reduces risk and exposure one or a hundred thousands policies at a time faster and more accurately than any product on the market today. What do you want to know about the properties you insure?
Sample Reports:
Bluebook's InsureBASE™ offering, coupled with its DataCentral 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:
- 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
- Review customer profitability by: type, location, etc.
- Identify Properties for Re-inspection
- And Much More!
InsureBASE™ Integrated Solutions
Call Center Data Application
Get more out of your call center with auto population of property details into your current solution. Type in the address and the Bluebook’s Application Data Center solutions will auto populate on the application screen as many as sixty known property characteristics, (i.e. year built, bedrooms, bathrooms, square feet, roof type, siding, number or stories, flooring, foundation type, etc.).
Once populated, use Bluebook’s structure replacement cost calculator to drive the quote or policy to existing systems. Our Call Center Data applications have already proven to increase in place call center productivity by as much as 35%. Bluebook offers XML connectivity for simple integration to existing systems with optional integration into rating engines for streamlining of the entire process.
Portfolio Management
Analyze hundreds of thousands of properties for risks in your portfolio. InsureBASE™ is a first to market solution that generates detailed analytics on a book of business via batch or integrated XML in just hours. Save costs against tele-estimating. Quickly identify problem properties without the high manual costs of review.
| Residential Replacement Costs |
Market Value & Trends |
| Actual Cash Value |
Probability of Loss Scoring |
| Trade Depreciation Analysis |
Property Mapping |
| Structure Characteristics |
Land & Imputed Values |
| Structure Type & Occupancy |
Business Purchase Validatio |
| Structure Life Expectancy |
Property Validation |
| Hazard & Risk Information |
Book Value & Validation |
| Area Specific Labor & Material Costs |
Convertion Business |
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Hazardous Conditions Proximity
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& Many Others! |
Lead Generation
The Bluebook’s Direct Lead Management solution integrates via XML into Agency Software or direct to Call Centers. Bluebook uses its consumer facing web site to generate high quality leads for customers seeking updated or new insurance. Our lead solution captures detailed information on
the property behind the scenes minimizing consumer fall offs. Leads can be automatically integrated into the InsureBASE™ application for simple replacement cost calculations and policy quoting.
Risk Metrics
Quickly identify homes in areas of high turnover, foreclosure and fraudulent activity using the Bluebook’s Automated Area Survey report. Versions of this report also include Market Value, Land to Value Ratios, Home Value Trending and Structure and Imputed Land Costs
Construction Cost Trending
A first to market solution that tracks historical, reports current and project future reconstruction cost trends delivered via XML. Bluebook’s Cost Trending database comes from its 44 years of tracking reconstruction costs. It’s a significant tool that helps in key areas of underwriting including rate justification or increases, applying adjustment indexes, and validating proper replacement costs.
Member of the Insurance Value Chain
Microsoft Gold Partner
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.
InsureBASE™ Product Overview
InsureBASE™ Exposes Hidden Risks and Greatly Reduces Costs and Cycle Time Associated with Today's Process
Analyze thousands of properties in about the same amount of time it normally takes to do a single physical home inspection or validation
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
Online, Batch and Integrated Options
- Web-Based Delivery & XML Web Services
- Directly Integrated into Existing Solutions
- Via the Internet through a secure website
- Portfolio Review (batch processing)
Raw data can be provided in a variety of formats for bulk processing with InsureBASE. After processing, the results are returned and fed back into the insurer's database for use in internal applications such as policy-management applications or rating engines. The results can also be viewed on an individual basis through the web-based delivery system. Summary reports on the batch are available and can be customized to report on a variety of different types of information, providing overall conclusions and averages on the batch.
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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