Cordell Sum Sure
Cordell Sum Sure is an intuitive digital calculator that uses Cordell construction data to estimate how much it would cost to rebuild the current property at a specific address. Using this data and technology, insurers and homeowners can more accurately estimate the correct sum for property insurance.
Reduce guess work
Cordell Sum Sure pre-populates our detailed property information allowing for a quicker estimate. Rather than working out and manually entering property attributes, consumers can focus on validating the pre-populated data and refining the estimate, which minimises cases of under-insurance at the point of purchase and provides a higher level of transparency.
Superior customer service
Provide your customers with a simple, easy-to-use, fully-integrated solution to help determine their sum insured value. Using the Application Programming Interfaces (APIs), the insurer can craft a complete digital experience and ensure the calculators are a seamless part of the acquisition to policy conversion process.
Understand portfolio exposure
Cordell Sum Sure Portfolio Review provides access to in-depth insights at the portfolio level will help insurers to understand where to focus efforts to resolve under-insurance. Insurers can process a batch file of house insurance policy/address records then append and receive the following:
- An estimated rebuild cost;
- Associated property attributes (the pre-populated answers in the Cordell Sum Sure Standalone Calculator) where an estimated rebuild cost exists
This information help insurers understand where to focus their efforts to resolve underinsurance or other exposure. It will also allow accurate revision of sum insured values and renewal premiums based on changes in reconstruction costs at individual property levels, rather than using a general adjustment for building inflation.
Improve financial metrics
Help insurers collect premiums commensurate with the risk being insured, to improve loss ratios and overall profitability. Assist with sales conversion by keeping the customer in the same interaction to determine an appropriate Sum Insured. Ongoing portfolio management – allows insurers to more accurately revise sum insured values and renew premiums based on the change in reconstruction cost at individual property level, rather than using a general adjustment for building inflation.
Features
Simply enter an address and a real time reconstruction estimate is returned.
Amend and add additional property data to further refine the estimate such as adding swimming pools, external buildings and heating sources.
Create and export reports that are date and time stamped recorded for reference.
Ability to integrate with your systems using Application Programming Interfaces (APIs).
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