iLOOKABOUT, a data intelligence company, has extended its partnership with SCM Risk Management Services (SCM), by offering its StreetScape visual data as a component for iClarify, SCM Risk Management Services (SCM) solution, for the insurance industry's $11bn Insurance to Value (ITV) issue.
Upon completion of the pilot in Ontario province with a limited number of insurance brokerages, iClarify commenced rollout April 1, 2010 with full production expected for Ontario by the end of the month and expected to be launched across the country on a province by province basis over the course of 2010.
According to the iLOOKABOUT, iClarify software, with its visual data and addressing components, will provide comprehensive information on the target property and the contextual information needed for accurate valuation.
iLOOKABOUT’s StreetScape product provides a unique visual data intelligence component and, combined with its validated addressing service, delivering accuracy and efficiency for valuations.
Greg McCutcheon, president of SCM, said: iClarify provides an unique approach to addressing the problems associated with insuring to value. We have developed a data validation engine that can be used on the front end to help brokers validate the accuracy of consumer information or on the back end for companies to verify existing ITV calculations, based on real, aggregated industry data.
iLOOKABOUT’s StreetScape and addressing products uniquely deal with the industry need for complete valuation data. These are integral components of iClarify that assure users of validated, accurate valuations.
Jeff Young, president and CEO of iLOOKABOUT, said: iClarify is a best-in-class tool for the Canadian insurance industry. As a visual data provider to SCM’s iClarify application, we are proud to supply key data inputs to SCM for their ITV solution.