Allocates premiums down to demise level, evidences cover and handles billing to support premium demands from Real Estate companies.

Manage the insurance of your real estate portfolio

Having a high level view of your property structure and the allocation of your insurance costs spread across tenancies is usually an administrative challenge for organisations that own and/or manage properties. The iRealEstate tool assists any organisation that holds or manages property portfolios by reducing the overheads associated with the management of insurance costs.

How does it work?

Firstly the clients' property and corporate holding structure can be defined in a hierarchical fashion. The property structure is broken down into units, which are then sub-divided into demises. The end user can then define the tenants who occupy these demises. The system allows the input of the various premium rating parameters (across different classes of insurance including 'All Risks', Terrorism, Property Owners Liability etc.) that are used in the calculation and apportionment of premium.

At any point during the policy period the tenant may end the lease, extend it or even occupy additional space. iRealEstate will calculate mid-term premium alterations and produce insurance documentation to support these changes.

iRealEstate provides operational documents and incorporates a powerful reporting function, which can create comprehensive management reports ranging from annual premium calculations to identifying recoverable and nonrecoverable premiums.

Using unique allocated passwords the system allows web-enabled secure access to data online.

Who is it for?

Effective for Real Estate owners, Managing Agents and Financiers who need to manage a diverse and distributed portfolio of properties.