Kiran Aulakh, VP, Fixed Advisory Asset Services: Kroll: Property rebuild valuation - understanding underinsurance (327)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 3 November 2024

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

How can impartial valuations drive transparency and trust in insurance? Kroll’s platform provides property valuations through data-driven insights that benefit insurers, brokers and property owners alike. Matthew Grant sits down with Kiran Aulakh, Kroll's VP of Fixed Asset Advisory, to explore how Kroll’s platform combines technology and real-time data to assess underinsurance and overinsurance risks across vast property portfolios. Kiran shares her insights on the value of green valuations, and the importance of impartial assessments, which Kroll provides through both an API and a standalone platform for seamless integration into clients' ecosystems. Key talking points: The role of impartial valuations in improving insurer-client trust How Kroll’s platform combines technology with in-person expertise Reducing claims friction by accurately assessing property insurance needs Using valuation data to better negotiate policy terms for clients Kroll’s partnership with WTW and global insurers to streamline valuation assessments Real-time data updates and third-party integration for accurate market responses Green valuations and the impact of ESG on future property valuation trends Aulakh’s thoughts on data scalability and how it supports insurer-broker collaboration If you like what you’re hearing, please leave us a review on whichever platform you use or contact Kiran Aulakh or Matthew Grant on LinkedIn. Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning. Continuing Professional Development This InsTech Podcast Episode is accredited by the Chartered Insurance Institute (CII). By listening, you can claim up to 0.5 hours towards your CPD scheme. By the end of this podcast, you should be able to meet the following Learning Objectives: Describe the role of impartial valuations in managing underinsurance and overinsurance risks. Define the impact of valuation accuracy on insurance policy terms and claims outcomes. Measure the importance of transparent valuations in fostering stronger insurer-client relationships. If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 327 page of the InsTech website or email [email protected] to let us know you have listened to this podcast. To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.

Transcript

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0:00.0	Good morning, good afternoon and welcome back. Zoya podcast producer here. Autumn is well
0:12.6	underway in the upper hemisphere of the world and we at Intentech have been incredibly busy launching
0:17.3	exponential risk for London 25. Our Cat Risk Conference held next year,
0:22.5	4th to 5th March. Do check out the website to find out more. Well, we don't have many
0:27.8	podcasts left until the end of the year and boy do we have a lineup. This week, Matthew Grant is
0:33.2	joined by Curran Aulak, VP of Crow's Fixed Advisory Asset Service, who is a self-proclaimed
0:39.8	superfan of property rebuilding costs and valuation. We touch on how Kroll helps insurers,
0:45.5	brokers and insurance with a platform that uses real-time data to assess under-insurance
0:50.8	and over-insurance risks. That's pretty much it. Now let's see what Kieran and
0:55.2	Matthew had to say.
0:59.9	Kieran, delighted you could join me. I'm careful what I say here, but there's not many people
1:05.3	I've come across who are enthusiastic about property rebuilding costs and evaluation.
1:13.0	There's one other person, but it's great to have you on. I know it's going to be a really fascinating discussion. Thanks for joining us.
1:16.9	No, it's a pleasure joining you as well to share that enthusiasm.
1:20.8	Well, listen, I know you're a keen hiker and you love walking along the South Down. So I'm sorry
1:25.9	you've got to do this with you locked up in an office, but
1:28.0	you know, who knows? We might invent walking podcasts soon to let you get back out into the open
1:32.6	air. Yeah, well, with all these hikes, what I really like is going to the pub straight afterwards,
1:36.9	so I have got a secret glass of wine under here. But yeah, no, hiking's great. I love it.
1:44.0	You wouldn't be the first that's brought some support on to that podcast, but it won't be too But yeah, no, hiking's great. I love it.
1:47.6	You wouldn't be the first that's brought some support on to that podcast, but it won't be too painful, don't worry. So let's a bit of an intro. So we've got our bot intern that does this
1:54.4	for us. So it's based on what you've told us before, or you collectively. So Crowell provides
	...

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