SEATTLE, WA – December 2014
AssetWorks to help WSRMP bridge the gap between valuation results and valuation management
AssetWorks Inc., a leading provider of appraisal services and software solutions to asset- and infrastructure-intensive organizations, today announced that the Washington Schools Risk Management Pool (WSRMP) has signed a multi-year contract for comprehensive insurance appraisal services and AMP Property Risk Management software from AssetWorks.
The engagement includes the valuation of approximately 5,000 insured buildings and structures in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP) as well as enhanced COPE data collection using ISO and RMS classifications.
In addition, WSRMP will rely on AssetWorks’ AMP software solution for managing property data and insurable values. By maintaining information about buildings and structures, property-in-the-open, and secondary COPE characteristics in one database, AMP streamlines data communication processes and simplifies the insurance renewal procedure.
“We are thrilled to have the opportunity to provide both quality appraisal services and top-of-the-line software to the Washington Schools Risk Management Pool” stated Michael Borello, AssetWorks Vice President. “Managing large property portfolios can be a challenge for risk pools which is why we offer solutions to help with everything from data collection to data management and reporting.”
The Washington Schools Risk Management Pool (WSRMP) is a self-insured risk pool serving K-12 school districts across the State of Washington. WSRMP’s mission is to ensure “its members have secure, long-term protection, tailored to education, against property and liability loss at a competitive program cost.” With over 130 members, WSRMP currently insures over $12 billion in property values.