Pre-Check: Your SOV Data Health Inspection

Just as a regular checkup ensures our physical well-being, a thorough review of your client's Statement of Values (SOV) ensures the health of their property data. Brokers are taking a step towards ensuring client data health and improving entire portfolios by adding cutting-edge AI tools, such as Pre-Check, to their toolkit.

There’s No Better Time than Now for Pre-Check

Don't procrastinate or wait around – data health should be prioritized now to avoid any data health scares during renewal season. Now is the perfect time to take a temperature check on your data before starting your submission. Pre-Check acts as a meticulous health inspection, giving you a clear regimen to achieve better data – a prescription for improvement.

Brokers: The Doctors of Data Quality

Pre-Check prepares SOV data insights for you, so you can spend more time on strategic advisory, ensuring that if the modeling results come out unusual, you can drill down to specific attributes and identify discrepancies. This assessment of your client's SOV health is vital for preparing accurate and compelling submissions.

Pinpoint and Prioritize Improvements

Pre-Check is an essential health check that helps your customers understand where to focus their efforts to improve submission results. Here is how it works.

Step 1: Get a Live Assessment of Data Health

Just like a health checkup, your data assessment starts with diagnostics. However, unlike blood panel tests, the result is immediate—simply drag your latest SOV into Archipelago and see where you’re at.

By pinpointing areas of improvement and taking necessary actions, brokers can enhance the overall quality of their clients' data. 

If your account is already there, you can skip this step and log in at any point to get real-time information about your data. 

Step 2: Prescribe the Treatment Plan

The good news is that, regardless of where your data is right now, Archipelago’s AI can help you take it to the next level by prescribing a course of high-impact actions. And while there are hundreds of new data points, not all of them are created equal. As such, customers receive prioritized recommendations on how to improve SOV health, categorized by Total Insurable Value (TIV) and hazards. Specifically, these recommendations are designed to make the biggest impact on CAT modeling and Average Annual Losses (AALs). So, instead of filling out all the empty cells, you can focus on the ones that matter the most.

Step 3: View and Share Dynamic Reports

Pre-Check's dynamic reporting capabilities allow you to continuously monitor and share updates with clients. By visualizing each client's property portfolio through map views or prioritized lists of data gaps, you can effectively communicate improvements and areas needing attention. Upload inspection reports and other property documentation to keep the SOV current and accurate, ensuring you always have access to up-to-date, actionable insights.

Key Benefits:

1. Track Data Quality in Real Time: Pre-Check offers immediate and actionable insights into property data, allowing brokers to give prospects and clients a comprehensive, up-to-date scan of their data health.
2. Jump-Start Renewals: Address data quality issues easily and early on to streamline your annual pre-renewal strategy planning and ensure that renewals are based on the most accurate data.
3. Equip Clients with a Plan: Empower prospects and clients to communicate priorities within their organizations more effectively, making it easier to manage and act upon data insights.
4. Offer Superior Advisory: With detailed insights from Pre-Check, brokers can provide superior advisory services that guide clients toward better underwriting outcomes and more informed risk decisions.

“I love using Pre-Check. It helps me explain to clients which locations should have better data quality and how this may impact how the markets underwrite the account. But more importantly, the Pre-Check recommendations help customers prioritize tasks and focus on what really matters.”

– John Keeler, Area Senior Vice President, Gallagher

Who Benefits from Pre-Check?

Pre-Check is designed to aid brokers in identifying and prioritizing data improvements for their clients. Brokers on Archipelago gain back the time they used to spend searching for missing data and utilize it by providing the best possible consultative service to their clients. Additionally, risk managers can benefit from Pre-Check as they know exactly which properties require more attention. Risk managers can then disseminate this information across their internal stakeholders to ensure timely data collection.

Pre-Check is a transformative data quality assessment tool for enhancing data quality. By thinking of it as a health inspection for your clients' SOVs, you can better understand its value and effectively communicate solutions to your clients. 

As brokers, you are the doctors who diagnose and prescribe the necessary steps for data improvement, ensuring healthier, more reliable data for all your clients.

Ready to Improve Your Data Health?

At Archipelago, we're committed to helping you and your clients achieve the highest standards of data quality. Pre-Check is your essential tool for ensuring the health and readiness of your clients' SOVs.

For a personalized walkthrough or to get started with Pre-Check, contact your Customer Success Manager or email inquiries@onarchipelago.com.