ISO, Xactware, and AIR Worldwide introduced 360Value, a property-valuation solution for insurers. 360Value combines the features of Xactware's XactValue and AIR's ISO HomeValue. The result is an offering that provides component-based replacement-cost estimates and a number of associated underwriting solutions for residential, commercial, and agricultural properties.

Xactware launched the online version of XactValue in 2002 to provide insurers consistency between underwriting and claims estimates. AIR Worldwide launched ISO HomeValue in 2004 to provide insurers better property data and replacement-cost estimates for use in underwriting and catastrophe risk modeling.

"Considering the value Xactware and AIR already provide insurers, we are truly excited about how 360Value will improve property valuation and overall risk management for the industry," says Frank Coyne, chairman, president, and CEO of ISO. "The synergies among underwriting, claims estimation, and risk modeling will enable insurers to link not only applications but also the underlying data throughout many aspects of the insurance workflow. The result will be more streamlined business processes and a consistent and reliable view of risk."