BCIS Rebuild Plus is a groundbreaking asset and portfolio management platform that helps insurance professionals validate property rebuild costs and assess reinstatement risk across the insurance life cycle.

It brings together data from proprietary and open sources with BCIS cost models to produce rebuild cost estimates in a consistent and scalable way.

Book a demonstration with a BCIS specialist to see BCIS Rebuild Plus in action.

Who will use BCIS Rebuild Plus:

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

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.

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.