Published: 29-Sep- 2009 | Product Category: Other
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As commercial real estate firms work to navigate the numerous challenges associated with the global economic downturn, Marsh, the world's leading insurance broker and risk advisor, has developed a cost-effective Web-based risk management information system that gives real estate owners, managers and developers the ability to identify, quantify, and manage risk across an entire portfolio.
The system, known as RealSTARS™, helps real estate organizations centralize risk information; plan, control and measure related mitigation efforts; manage information about property values, exposures, and insurance; and improve enterprise-wide risk visibility.
RealSTARS has comprehensive features for tracking and managing a real estate portfolio, including a robust COPE (construction, occupancy, protection, exposure) module to track loss prevention and loss control information for each asset. In addition, RealSTARS has tools that streamline the process of gathering and consolidating values and an intuitive, location-based interface through a proprietary feature – Risk Goggles™– that displays information via Google Earth. Marsh's system also has property and facility audit capabilities, and tools for tracking third-party property managers and other vendors.
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