Viewing a Group Profile Report

Updated 13 July 2023 20:49

Overview

A Group Portfolio Report contains information on an organization's Summary Information, Valuations, Gap %, Review Flags, etc.

Navigation

From the Home screen, click the Home dropdown.

Home

Home Dropdown

Select the Reports link from the Home dropdown menu.

Reports

Reports Link

From the Group Reports screen, click a Group link from the Group Portfolio Reports section.

Group

Group Link

Viewing a Group Report

From the Group Portfolio Reports screen, the following information will appear:

Group

Group Portfolio Reports Screen

% Insured Gap: The % Insured Gap field displays the Building Valuation Adequacy Results:
- Low Risk: Low Risk indicates a less than 10% gap between the Client's Declared Value and the Replacement Cost Value.
- Med Risk: Medium Risk indicates a 10% to 25% gap between the Client's Declared Value and the Replacement Cost Value.
- High Risk: High Risk indicates more than a 25% gap between the Client's Declared Value and the Replacement Cost Value.
- Over Insured: Over Insured indicates the Client's Declared Value exceeds the Replacement Cost Value.
Total Client Declared Value - Buildings: The Total Client Declared Value - Buildings is the Building replacement cost (if a rebuild is required), declared by the client, for all Buildings attached to the Group.
Total Replacement Cost Amount - Buildings: The Total Replacement Cost Amount - Buildings field is the Building replacement cost (if a rebuild is required) for all Building attached to the Group.
- Inclusions: The following elements are included in the Total Replacement Cost calculation, buildings, structures, civil work, foundation type, piling, building services, soft cost fees for rebuilding, debris removal, and demolition expense.
- Exclusions: The following elements are excluded from the Total Replacement Cost calculation, costs of general site preparation, land improvements, land values, replacements due to building codes, interests, financial charges, change in replacement concept, process design or redesign, Value Added Tax (VAT), contamination clean-up, allowances for cost increases.
Amount Over/Under Insured: The Amount Over/Under Insured field will display the amount the Building is over or underinsured.
Number of Regions: The Number of Regions field lists the number of Regions connected to the Group.
Number of Accounts: The Number of Accounts field lists the number of Accounts connected to the Group.
Number of Projects: The Number of Projects field lists the number of Projects connected to the Group.
Number of Locations: The Number of Locations field lists the number of Locations connected to the Group.
Number of Properties: The Number of Properties field lists the number of Buildings connected to the Group.
Number of Valuations: The Number of Valuations field lists the Valuations connected to the Group.
# of Properties by Review Flag: The # of Properties by Review Flag chart shows the number of Building Valuations currently in the review stage.
# of Properties by Gap %: The # of Properties by Gap % chart shows the number of Valuations in each Value Adequacy level.
# of Properties by Valuation: The # of Properties by Valuation chart shows the number of Valuations broken into categories based on the Total Replacement Cost value (e.g., less than $2m and greater than $25m).

The following information will appear in the Buildings section:

Buildings

Buildings Section

Building Name: Enter a Building Name or Insured Address in the Building Name field. The Building Name can be used to identify the Valuation in the system.
Building Occupancy: Select a Building Occupancy type from the dropdown menu. A Building Occupancy type categorizes Buildings based on primary use. Expert valuations should review Other Building or Not Specified occupancy types.
Gross Floor Area: Enter the Gross Floor Area of the building without including commas. The Gross Floor Area is used to determine the Building's replacement cost. The Gross Floor Area is calculated by multiplying the Building's footprint by the number of floors (including the basement). For Building with floors that are not the same size, you must calculate the area of each floor and add the floors together.
Client Declared Value - Building: Enter the Building's Declared Value. The Building Client Declared Value is the total amount the Building is covered if a rebuild is required. The risk of a building and portfolio can only be accurately assessed if the Building Client Declared Value is accurate.
Total Replacement Cost in Local Currency: The Total Replacement Cost in Local Currency field is the Building replacement cost (if a rebuild is required) for all Building attached to the Group.
- Inclusions: The following elements are included in the Total Replacement Cost calculation, buildings, structures, civil work, foundation type, piling, building services, soft cost fees for rebuilding, debris removal, and demolition expense.
- Exclusions: The following elements are excluded from the Total Replacement Cost calculation, costs of general site preparation, land improvements, land values, replacements due to building codes, interests, financial charges, change in replacement concept, process design or redesign, Value Added Tax (VAT), contamination clean-up, allowances for cost increases.
Value Adequacy: The Value Adequacy field displays the Building Valuation Adequacy Results:
- Low Risk: Low Risk indicates a less than 10% gap between the Client's Declared Value and the Replacement Cost Value.
- Med Risk: Medium Risk indicates a 10% to 25% gap between the Client's Declared Value and the Replacement Cost Value.
- High Risk: High Risk indicates more than a 25% gap between the Client's Declared Value and the Replacement Cost Value.
- Over Insured: Over Insured indicates the Client's Declared Value exceeds the Replacement Cost Value.

You can perform the following Report Options by selecting the corresponding icon in the top left-hand corner of the report:

	Click the Add to Favorites icon to add the report to the *My Tasks* section on the *Home* screen.
	Click the Refresh icon to refresh the report data.
	Click the PDF icon to download a PDF version of the report.
	Click the Word icon to download a Word version of the report.
	Click the Spreadsheet icon to download a .csv version of the report.