iv3 Solutions teams up with Altus Group to bring residential replacement cost solution to Canadian market

iv3 Solutions has teamed up with Altus Group (TSX: AIF.UN) to bring a residential replacement cost toolset to the Canadian marketplace in early 2010.
iv3 Solutions has also launched residential inspection management services and loss control solutions to the North American property and casualty industry.
The company’s platform offers workflow automation, centralized procurement and invoicing, along with three inspection services: PropertyIntel, Exterior and High Value.
A PropertyIntel report combines real estate, municipal tax assessment and appraisal data with the joint Altus-iv3 replacement cost toolset to provide automated intelligence about individual properties and their surrounding neighbourhoods.
Depending upon the information contained within the PropertyIntel report, a field inspection can be ordered. iv3’s platform automates this process, providing risk-based parameters to insurers, a release says.
“We’ve been able to bring innovation to the P&C insurance market, while making it turn-key for day-to-day operations,” said David Newall, executive vice president of iv3 Solutions.
“Combining our extensive property database with the replacement cost toolset, we are able to provide insurers with automated location intelligence and risk assessment,” he continued.
“If an inspection is required, we can integrate an insurance company’s in-house or external vendors and combine our own network to ensure 100% coverage across all markets.”