LineSlip Solutions Launches Tools to Streamline Collection and Reporting of Property Values, Insurance Underwriting Data and Related Cost Allocation
NEW YORK, November 16, 2021 – LineSlip Solutions, Inc. today unveiled a new tool to help risk managers, insurance brokers, and real estate asset managers streamline the collection and reporting of property values and insurance underwriting data.
The new tool also enables managers to map portfolio property locations with corresponding underwriting data including COPE and natural disaster risk. It facilitates instant reporting of insurance program information, as well as accurate insurance premium allocation across the portfolio of property locations.
“In their drive for speed, efficiency and accuracy, risk and insurance professionals and real estate asset managers needed a better way to organize and analyze insurance program data,” said Leo Bernstein, CEO, LineSlip Solutions, Inc. “This tool gives them a centralized dashboard to manage their property insurance programs more effectively and with greater precision.”
Specifically, the new LineSlip tools help risk and property managers to:
- Understand insurance costs by individual location – A one-click overview dashboard monitors policy retentions, limits, premium expenditures, and renewal schedules. Managers can also track mid-term program adjustments as well as significant portfolio changes, such as acquisitions, dispositions, changes in utilization and occupancy. These insights help pinpoint cost drivers, identify and prioritize opportunities for risk control, and evaluate insurance program modifications.
- Track and manage COPE data in one place – LineSlip simplifies data gathering for insurance renewals by maintaining all critical location-specific property information in readily accessible digital format.
- Automate reporting and data entry –LineSlip uses natural language processing to digitize policy documents from disparate sources, which eliminates the need for manual reporting and data keying. Managers can generate an aggregated view of their programs regardless of whether one or multiple insurance brokerages are involved in placing coverages. This feature saves time and reduces manual data entry errors.
Additionally, LineSlip is currently in the process of enriching the dashboard with a real-time natural threat overlay that can be applied to individual locations.
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About LineSlip Solutions, Inc.
LineSlip Solutions was founded in 2016 by entrepreneurs with over 40 years of commercial insurance experience as brokers, producers, underwriters and executives. Purpose-built for the commercial insurance industry, LineSlip uses Natural Language Processing to automatically extract and organize data previously locked in binders, policies, schedules and other insurance documents. With LineSlip solutions for Private Equity, Real Estate and Risk Management, insurance professionals can easily visualize their data, automate reporting and make smarter, more timely business decisions that affect the bottom line. LineSlip Solutions is based in Chicago and is actively working with some of the country’s leading risk managers and brokerage firms. Visit lineslipsolutions.com for more information.