There are more than 20 construction estimating software available.
However 22 of the top 25 property insurance companies in the U.S. and 10 of the top 10 Canadian insurers use Xactimate in the field in 2020.
Then how could Xactimate be the most used software program by insurance companies since 1986 when Xactware has launched in.
As we all know Xactware is owned by the insurance industry.
Xactware is a subsidiary of Verisk Analystics. Verisk was formed to be the parent company of the insurance Service Office (ISO).
Originally Xactware was designed and made by the insurance industry for the Insurance companies.
Xactimate is very detailed, flexible, efficient and accurate on estimating all phases of building and repair.
Especially pricing data in Xactware is researched and reports on market price on every month for more than 470 regions.
There is about 15~75% increased RCV in revised Xactimate estimate from Insurance scope and 5% increasing the total amount only with revising the price list.
Submitting Xactimates to the Insurance adjusters make them understand better and faster about the added/revised line items, informing & updating the item details, negotiating the prices of the line item( advantages from using same pricing data).
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