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SCM Risk Management Services Launches Industry-Leading Valuation Tool


TORONTO, December 14, 2015 - SCM Risk Management Services (RMS) is excited to announce the launch of a uniquely Canadian solution for property inspection replacement cost valuations. Maintaining its commitment to client value through superior product and service offerings, RMS has created a new proprietary property replacement cost inspection valuation tool, rmsPrecise.

rmsPrecise is responsive to the detail and customization of specific and unique features of a building that are captured during the inspection process. As Canada’s largest risk management services company, RMS has utilized 100 years of technical expertise and data collection to ensure rmsPrecise provides consistent, reliable, and accurate building valuations across Canada.

rmsPrecise is the next step in customer service for our clients,” stated Patrick Garuk, President of SCM Risk Management Services. “As an industry leader and part of the SCM Group of Companies, we have unrivalled access to information, and this tool is the result of us bringing our wealth of data, experience, and technology together.”

As trusted experts in the inspection industry, RMS utilizes reliable costing methodologies that are reflective of the regional construction variances in Canada, while accounting for the impact of unique construction or location characteristics that can impact the reconstruction costs of the property. This latest technology will help RMS expand its service and specifically cater it to the needs of the Canadian industry.

rmsPrecise will be imbedded in our residential inspection process effective December 21st, 2015.

With inspectors coast-to-coast, RMS is intimately aware of the local dynamics in changing housing construction, neighbourhood revitalization, renovation trends in building materials, labour demand, and building codes impacting reconstruction costs in the event of a loss. Drawing upon a wealth of inspection, claims total loss and property data, aggregation, and analytic strength, rmsPrecise was created to accurately capture the diverse characteristics on expected loss costs.

“RMS has always prided itself on using the latest technology to provide superior service,” said Bob Fitzgerald, CEO of SCM Insurance Services, RMS’s parent company. “rmsPrecise is just the latest step to improve the residential inspection process and provide our clients with the most accurate inspections on the market.”

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