Increasing material and labour costs have significantly increased building replacement costs in recent years, leaving owners at risk of under-insurance and significant costs in the event of a loss.

Manual, repetitive spreadsheet and data governance work

In this article from Strategic Risk Europe, we learned that approximately two-thirds of business leaders have not reviewed their commercial property insurance within the past year.

Strategic, collaborative workforce leveraging effective data governance

With rapidly changing socio-economic conditions such as those we currently face, it is more important than ever that insured values are regularly reviewed and verified to confirm that all assets have adequate coverage.

Published On: January 29th, 2023 / Categories: Insurance, Short Read / Tags: , /

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About Refined Data

Refined Data develops EHS, ESG and Insurance management software for the Commercial, Retail and Multifamily real estate sector. With more than 3,500 buildings representing more than a quarter billion square feet on the platform, Refined Data has delivered award-winning value to leading real estate companies for over a decade.   Please contact us to learn more.

About the Author: Carl Paulse

Carl Paulse is the Chief Technology Officer at Refined Data Solutions