The e2Value ProntoLite Residential integration with Duck Creek Policy allows insurers to make smarter and more efficient underwriting decisions by providing insurers with standardized and consistent residential building data along with accurate replacement cost values for Insurance-to-Value. This property data can mitigate financial risk for insurers by lessening any discrepancy between estimated and actual replacement costs for structures and aligns the premium more closely with the risk, contributing to a carrier’s bottom line. Accurate replacement costs can also lead to better relationships between clients and their carrier and agent.
This building replacement cost estimator can be used for the homeowners line of business in the United States. ProntoLite accurately values residences ranging from cottages on a lake to suburban homes to the world’s most luxurious and famous homes. e2Value’s replacement cost numbers have been within a few percentage points of actual claims replacement cost values as reported by e2Value’s clients. e2Value’s valuations account for factors such as local variations in wages and materials costs in the construction industry down to the 5-digit zip code area.
Dependencies for Package
The following tools and packages are required for correct implementation of the package.
Tools Needed to Complete the Package Installation
The following tools are needed to complete the package installation:
- Duck Creek Author
To use this package, you must also have Duck Creek Policy and the following.
- Duck Creek: Homeowners LOB
- e2Value Product: Pronto Residential
- e2Value: Username & Password
Installing the Package
After you are granted access to the Content Exchange packages you requested, use the Content Exchange Package Utility to install the package. This utility can be run on the server or on your local machine.
To install a package:
- Download and install version 3.5.0 of the Content Exchange Package Utility.
- Once installed, open the utility and use it to install or unzip your downloaded packages. Learn more about using this utility.
Some packages are completely installed by the Content Exchange Package Utility while others still require some manual steps. The documentation provided with each package includes any manual steps required to successfully install that package.