Academy Workshop webinar: Best Practice and Introduction to Valuations for Reinstatement

This session will provide an insight and clarity into the methodologies that can be used for the calculation of a valuations. What works best for you will depend upon the nature and type of business you are, starting with the basics of the methodologies available we will also look at the standards that are applied.

What factors are accounted for and how can a valuation done impact your property placement positively.

In this session we will review and provide:

• Definition of Valuations
• Basis for the Replacement Cost Values ( RCV)
• Why indexing year on year can present a challenge in the current market
• Best Practice based on type of asset or property
• The methods used to calculate the RCV
• The standards available to calculate the RCV
• What can a Risk and Insurance manager do to ensure they have confidence in their RCV
• Case studies to affirm positive results of conducting a placement
• Future of Valuations!

By the end of this session, you will be able to:

1. Define the methodologies used for valuations
2. Understand how to approach valuations dependent upon asset or property type
3. Plan a valuations program – what is good practice 
4. Demonstrate the positive impact of having a valuation program 

Please refer to the helpful User Guide for instructions on how to join and participate in webinars.