iv3 Loss Control Solutions Expands PropertyIntel™ Service

Canada-Wide Network Of More Than 3,000 Field Agents Enhance Quality And Coverage

TORONTO, June 6, 2011 /CNW/ - iv3 Loss Control Solutions, one of North America's leading providers of technology-based inspection and risk analysis solutions to the property and casualty insurance industry, today announced it has enhanced the quality and geographic coverage of its PropertyIntel service.

PropertyIntel is a technology-enabled service that combines property information with replacement costs and other analytics validated through iv3's quality assurance capabilities. Until now, property information was provided only through integrated databases such as those for property tax information.  Now, PropertyIntel leverages physical inspections from the company's network of more than 3,000 Canadian field agents - a group which includes both insurance inspectors and residential property appraisers.  These inspections, conducted across the country, increase the quality and timeliness of reports which are delivered within 15 business days.

According to Angelo Grossi, President of iv3, the enhancements will significantly benefit the organization's insurance clients.  "From a customer perspective, this is exciting news," he says.  "Not only will they benefit from the increased quality and coverage generated by our massive network of field agents, but they'll also receive reports in 15 business days, guaranteed.  That turnaround time is simply unheard of in the industry today.  PropertyIntel's combination of bricks and clicks is definitely a winning formula."

Victoria British Columbia-based residential appraiser Andrea Skinner is part of iv3's field agent network.  "I'm thrilled to work with iv3 and deliver inspections for PropertyIntel," she says.   "And, because the partnership provides me with both property inspections and home appraisal assignments, we're helping each other be more productive for our common customers.  It's really a win-win for everyone."

PropertyIntel provides insurance companies with four levels of service.  These include: PropertyIntel Ping, a real time, web-based insurance-to-value estimate; PropertyIntel Hazards, a report that provides risk recommendations based on an on-site exterior inspection; PropertyIntel Exterior+, a report that offers insurance-to-value estimates and risk recommendations based on an on-site exterior inspection; and PropertyIntel Full, a report that offers insurance-to-value estimates and risk recommendations based on an on-site interior and exterior inspection.

Additionally, the extensive network of field agents ensures iv3 is able to conduct inspections in all areas of Canada, including typically harder-to-reach areas such as Northern British Columbia and Northern Alberta.  PropertyIntel's 15 business day delivery time also helps insurance companies remain well within the Insurance Brokers Association of Ontario (IBAO) guidelines with respect to conducting and reviewing appraisals within a 90 day period.

About iv3 Solutions
iv3 Loss Control Solutions is a technology driven property and casualty insurance inspection provider. Through the cloud-based redihive™ environment, the organization provides residential and commercial property inspection, risk analysis and insurance-to-value information gathered through partnerships with more than 18,000 North American field agents. The organization is headquartered in Toronto, Ontario.  More information is available at www.iv3solutions.com.

SOURCE iv3 loss control solutions

For further information:

Brent Artemchuk 
Vice President, Marketing & Communications 
iv3 Loss Control Solutions 
(905) 695-3969 
brent.artemchuk@iv3solutions.com

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