XactValue Reaches 100,000 Unique Users
XactValue, the premier online ITV (insurance-to-value) tool for the insurance industry recently surpassed 100,000 active users consisting mostly of field staff and agents. XactValue is also the fastest-growing valuation tool in the market with nearly one third of underwriting volume switching to XactValue for its valuation software needs.
"We are very excited to see the industry embrace XactValue," states Edmund Webecke, XactValue General Manager. "It is inspiring to see many different people accessing the tool. During the past two years, nearly three million homes have been valued with XactValue. In fact, our monthly valuation volume has increased by an average of nine percent over the last 18 months and we expect this trend to continue."
The underwriting industry has long been in need of more accurate tools to help in the insurance application process-tools that provide an accurate value of the structure being insured. The most accurate methods of structural valuation involve component-based techniques which draw data from the same database used by claims and, consequently, matching front-end valuations with back-end claims. XactValue pioneered a much more accurate method of structural valuation that draws from the same component-based pricing data used to settle more than half of all structural claims in North America every year.
As XactValue continues to increase its user base, the volume of support incidents remains extremely low. The total monthly users to support transactions ratio is less than one-thousandth of a percent. "One of the greatest benefits of XactValue. . ." remarks Webecke, "is it is so easy to use, most users can produce their first valuation in minutes with unprecedented levels of accuracy."
With XactValue being available online, users can access this product anywhere, anytime with only an Internet connection. XactValue maintains an uptime of better than 99% allowing users the convenience and dependability of 24-hour, real-time access and updates.
More information on and demo requests for XactValue are available by visiting www.xactware.com or by calling a sales representative at 1.800.424.XACT (9228).
About Xactware Inc.
Founded in 1986, Xactware, Inc., is a privately held technology services company (www.Xactware.com), specializing in the property insurance, remodeling, and restoration industries. Xactware's technology tools include software estimating programs for PCs and tablet PCs as well as powerful online systems for replacement cost calculations, estimate tracking, and data trending in real time.