Who will use BCIS Rebuild plus:

• Property portfolio owners/managers
• Brokers
• Insurers & underwriters
• Claims teams

Property portfolio owners/managers

“Without regular, affordable rebuild updates, it’s challenging to be confident our portfolio is fully insured.”

Challenges

• Risk of portfolio being underinsured because rebuild costs can become outdated
• Lack confidence that insurance values across a portfolio accurately reflect current rebuild costs
• Can struggle to keep pace with market changes that affect rebuild costs
• Difficulty revaluing entire portfolios annually, increasing the risk of outdated insurance values.

How BCIS Rebuild plus helps property owners/managers

• Risk Mitigation

  Ensuring properties are adequately insured reduces the risk of underinsurance and helps secure fair claim payouts, enabling a quicker and smoother recovery

• Helps your decision making

  Providing quick, low-cost rebuild cost reports enables informed insurance decisions, ensuring appropriate cover for reconstruction costs and reducing financial impact after a loss

• Keeping informed

  Regular data updates keep insurance cover aligned with market changes, ensuring ongoing and adequate protection

• Time-saving and economical

  It provides realistic rebuild cost estimates quickly, and at a far lower cost so you can value your whole portfolio annually rather than on a rolling 3–4-year programme.

Brokers

“We need to present accurate, defensible risks to insurers and give customers confidence before binding.”

Challenges

• Difficult to validate customer-provided sums insured
• Underinsurance risk, leading to complaints and reputational damage
• Slow, friction-heavy process of gathering rebuild information
• Difficulty persuading insurers to underwrite complex or portfolio risks.

How BCIS Rebuild Plus helps brokers

• Reliable, defensible sums insured at point of sale

  Presents risks right first time, increases placement success and reduces referral friction

• Builds customer trust and improves advice quality

  A BCIS-backed rebuild figure boosts credibility and reduces error exposure

• Faster, smoother placement

  Structured, high-quality data cuts insurer back-and-forth and speeds decisions

• Supports Consumer Duty and evidences good outcomes

  Clear demonstration of reasonable steps taken to prevent underinsurance

• Helps secure better terms and higher acceptance rates

  Robust sums insured encourage more competitive underwriting.

Insurers & underwriters

“BCIS Rebuild Plus gives insurers a single, reliable, defensible and cost-effective rebuild value for every property.”

Challenges

• Inaccurate rebuild inputs undermine pricing and underwriting performance
• Underinsurance creates Consumer Duty and reputational risks
• Legacy and migrated books contain missing or inconsistent rebuild data
• Vulnerable customers need more support
• FNOL delays and friction due to poor property information
• Reinsurance uncertainty caused by weak exposure data.

How BCIS Rebuild Plus helps insurers and underwriters

• Improves pricing accuracy

  Reliable sums insured strengthen models, segmentation and rating confidence

• Reduces underinsurance and future disputes

  Data-backed reports avoid uplift shocks and support fair Consumer Duty outcomes

• Portfolio uplift and clearer exposure insight

  Assess your entire back book to identify missing, outdated or misaligned sums insured

• Fixes legacy and migrated data issues

  Recreates robust sums insured for older or inherited policies, improving underwriting accuracy and mitigating detriment

• Supports vulnerable customers

  Guided, evidence-based reinstatements reduce reliance on self-assessment and risk of harm

• Faster, lower-cost FNOL

  Better data improves claims triage, ensures correct adjuster instruction and reduces frictional costs

• A single source of truth

  Consistent rebuild reinstatement costs align pricing, underwriting, claims and reinsurance.

Claims teams

“We need reliable, evidence-based rebuild values to support fair settlements and reduce disputes.”

Challenges

• Conflicts between insured, insurer and adjuster over sums insured
• Inconsistent valuations across similar claims
• Costly complaints ending up with the Financial Ombudsman Service
• Pressure to settle quickly while maintaining fairness
• Reputational risk from inaccurate or challenged calculations.

How BCIS Rebuild Plus helps Claims teams

• Reliable, defensible rebuild costs

  Evidence-based valuations built on BCIS indices used by professional surveyors

• Reduces disputes and complaints

  Robust sums insured minimise disagreements between policyholder, broker and insurer

• Faster, more confident claim validation

  Structured, consistent data accelerates assessment and settlement timelines

• Consistency across adjusters and regions

  Standardised methodology removes variance and strengthens governance

• Supports fair outcomes and protects indemnity spend

  Helps avoid overpayment and underpayment, reducing leakage and improving accuracy.