If you manage property submissions, missing and inaccurate SOV data is one of the most common reasons renewals stall. Just as a regular checkup ensures our physical well-being, a thorough review of your client's Statement of Values (SOV) ensures the health of their property data. Construction types left blank, valuations that haven't been updated in years, occupancy fields filled with placeholders: underwriters see these gaps, and either price conservatively or decline to quote. This article walks through exactly how to find and fix missing SOV data before it costs your client markets, using Archipelago’s Agent.
Why Missing SOV Data Is a Problem
Most brokers don't know where their data gaps are until it's too late. SOVs arrive from clients in inconsistent formats, key fields get left blank or filled with placeholder values, and there's no automated check to catch what's missing before the submission goes out.
The downstream effects are significant: inaccurate Average Annual Loss estimates, higher modeled losses, and markets that either decline to quote or price conservatively to compensate for the uncertainty. Finding and fixing missing SOV data before submission is one of the highest-impact things a broker can do for their client.
How to Find Missing or Inaccurate Data in an SOV
Archipelago’s Agent gives brokers a structured, three-step process to identify gaps, prioritize fixes, and track improvements over time.
Step 1: Get a Live Assessment of Data Health
Your data assessment starts with diagnostics. Simply drag your latest SOV into Archipelago’s Agent: it ingests any file format, including unstructured spreadsheets and PDFs, and immediately surfaces where your data falls short.
.png?width=613&height=375&name=Library%20(1).png)
By pinpointing areas of improvement and taking necessary actions, brokers can enhance the overall quality of their clients' data.
If your account is already there, you can skip this step and log in at any point to get real-time information about your data.
Step 2: Prioritize the Gaps That Actually Matter
The good news is that, regardless of where your data is right now, Archipelago’s Agent runs enrichment automatically in the background, pulling in geocoding, COPE data, rules and codes, and third-party sources. And while there are hundreds of new data points, not all of them are created equal. As such, customers receive prioritized recommendations on how to improve SOV health, categorized by Total Insurable Value (TIV) and hazards. Specifically, these recommendations are designed to make the biggest impact on CAT modeling and Average Annual Losses (AALs). So, instead of filling out all the empty cells, you can focus on the ones that matter the most.
Step 3: View and Share Dynamic Reports
Agent’s dynamic reporting capabilities allow you to continuously monitor and share updates with clients. By visualizing each client's property portfolio through map views or prioritized lists of data gaps, you can effectively communicate improvements and areas needing attention. Upload inspection reports and other property documentation to keep the SOV current and accurate, ensuring you always have access to up-to-date, actionable insights.
cta-inline-card
AI Assistants for Insurance Brokers
-
SOV Manager
Your Personal AI Risk Analyst that fixes your SOV and populates data automatically
-
PreCheck
Underwriting Assistant that reviews and improves your submission before it hits the market
-
Property Hub
Offers advanced insights and access to industry-leading data sources
AI Assistants for Insurance Brokers
-
SOV Manager
Your Personal AI Risk Analyst that fixes your SOV and populates data automatically
-
PreCheck
Your AI Underwriting Assistant that reviews and improves your submission before it hits the market
-
Property Hub
Offers advanced insights and access to industry-leading data sources
AI Assistants for Insurance Brokers 4 Order Test
-
SOV Manager 4
Your Personal AI Risk Analyst that fixes your SOV and populates data automatically
-
PreCheck 4
Your AI Underwriting Assistant that reviews and improves your submission before it hits the market
-
Property Hub 4
Offers advanced insights and access to industry-leading data sources
AI Assistants for Insurance Brokers 3
-
SOV Manager 3
Your Personal AI Risk Analyst that fixes your SOV and populates data automatically
-
PreCheck 3
Your AI Underwriting Assistant that reviews and improves your submission before it hits the market
-
Property Hub 3
Offers advanced insights and access to industry-leading data sources
Key Benefits of Archipelago’s Agent for Brokers
- Track Data Quality in Real Time: Agent offers immediate and actionable insights into property data, allowing brokers to give prospects and clients a comprehensive, up-to-date scan of their data health.
- Jump-Start Renewals: Address data quality issues easily and early on to streamline your annual pre-renewal strategy planning and ensure that renewals are based on the most accurate data.
- Equip Clients with a Plan: Empower prospects and clients to communicate priorities within their organizations more effectively, making it easier to manage and act upon data insights.
- Offer Superior Advisory: With detailed insights from the Agent, brokers can provide superior advisory services that guide clients toward better underwriting outcomes and more informed risk decisions.
“I love using the Agent. It helps me explain to clients which locations should have better data quality and how this may impact how the markets underwrite the account. But more importantly, its recommendations help customers prioritize tasks and focus on what really matters.”
– John Keeler, Area Senior Vice President, Gallagher
Who Benefits from Archipelago’s Agent?
The Agent is designed to aid brokers in identifying and prioritizing data improvements for their clients. Brokers on Archipelago gain back the time they used to spend searching for missing data and utilize it by providing the best possible consultative service to their clients. Additionally, risk managers can benefit from the Agent as they know exactly which properties require more attention. Risk managers can then disseminate this information across their internal stakeholders to ensure timely data collection.
Archipelago’s Agent is built for teams, not just individual brokers. Multiple people can work on the same SOV simultaneously: flagging gaps, uploading documents, and tracking improvements in real time, so nothing falls through the cracks before submission. Everything stays consistent, version-controlled, and ready for carrier review. Contact us to get a personalized walkthrough or to get started.
Share this
Insurance Document Automation with Archipelago's AI Agent
The Data Advantage of MGAs: Winning Markets with Archipelago
