Published:  05-Jul- 2011  | Product Category:  Risk Consulting | Comments: 0         

For some firms, the value of their fixed assets is obvious; for others, it is unclear and likely overstated or understated due to years of cursory analytical practices such as national average trending, neglecting the impact of economic changes, or working with inappropriate base data. It is critical for Risk Managers to understand and have confidence in the value of the assets they have insured.

A Risk Manager can need help to solidify valuation process—developing methodology, data collection, scope, or qualification—through oversight and consulting, or turn-key analysis, from  which accurate calculations of value of buildings and contents are derived.

Marsh Risk Consulting’s (MRC) Valuation Services Practice provides professional, independent consulting and valuations of buildings and contents across virtually every industry around the globe to help the Risk Manager.

Service Highlights

Every valuation should be objective, independent, professional, and performed or reviewed by qualified experts. As such, MRC’s valuation experts include accredited senior appraisers and members of the Royal Institute of Chartered Surveyors as well as staff trained by the American Society of Appraisers. This, along with our global presence, industry experience, and close working relationship with property insurance experts throughout Marsh, offers a unique solution for organizations seeking to establish accurate replacement cost values as well as provide the necessary independence and detail to improve underwriters and carriers confidence in an organization’s schedule of values (SOV).

VSP assists organizations in ascribing insurable value to their property; buildings, contents, land improvements and other insurable assets. VSP’s valuation specialists have the experience and qualifications to develop flexible solutions to help establish an accurate SOV. This enables organizations to meet their overall financial objectives without compromising the integrity of the SOV.  Our experts can evaluate the validity of the data and the process by which the current SOV was derived, or can turnkey the entire valuation process from initial data collection to final reporting of the SOV.

Prior to any potential project VSP will works with the Risk Manager to help outline a valuation program that produces a supportable, high-quality, repeatable work product in a timely and cost-efficient manner.

Solutions are always tailored and can include:

• review of the client's current SOV analysis, providing feedback;
• internally-focused building value tests based upon Marshall & Swift data;
• value-based analysis that utilizes a client’s fixed asset ledgers; and/or,
• site visits, fixed asset data gathering, and full valuation analysis and reporting.

Engagements are generally performed on a flat fee basis based on engagement scope and deliverables, which include complete documentation explaining and substantiating the analysis.

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