The simple antidote to underinsurance
Sum Insured helps reduce the risk of underinsurance by providing the most accurate replacement models in the market, building confidence for consumers and underwriters.
Each day thousands of people across Australia and New Zealand review their property insurance, whether they are taking out insurance for the first time, renewing with their existing insurer or checking the market for options.
At Sum Insured, our proprietary models power most insurers across Australia and New Zealand, so when consumers review their insurance needs, the chances are they’re doing so using one of our models.
Our research indicates that 65% of households are underinsured, presenting a range of risks for both household and insurer. That’s where our models can help, creating more certainty, reducing risk and improving outcomes.
Sum Insured helps reduce the risk of underinsurance by providing the most accurate replacement models in the market, building confidence for consumers and underwriters.
Each day thousands of people across Australia and New Zealand review their property insurance, whether they are taking out insurance for the first time, renewing with their existing insurer or checking the market for options.
At Sum Insured, our proprietary models power most insurers across Australia and New Zealand, so when consumers review their insurance needs, the chances are they’re doing so using one of our models.
Our research indicates that 65% of households are underinsured, presenting a range of risks for both household and insurer. That’s where our models can help, creating more certainty, reducing risk and improving outcomes.
NEW CIRCA Build – A Smarter Model for Building Replacement Costs
CIRCA Build expands the CIRCA family to offer insurers a flexible, transparent, and accurate model for building replacement estimation—powered by trusted cost data, rich attributes, and proprietary modelling.
Key Highlights:
- Flexible, scenario-based estimates — Multiple rebuild options for every property, not just a single value.
- Transparent and trustworthy — Confident decision-making powered by visible data sources, confidence scoring, and audit-ready outputs.
- Fast integration — API-driven model that can be implemented in weeks, supporting seamless workflows.
Our Partners
Protect Clients
Our replacement cost models help customers understand their contents insurance needs, helping them choose the appropriate level of cover and reduce the propensity of under insurance.
Improve Satisfaction
In a tight market, a pleasant claims process is important for customer retention and satisfaction.
Sum Insured models help customers achieve the appropriate level of cover so if a claim is necessary, they don’t suffer the shock and disappointment of underinsurance.
Products for every situation
Our proprietary models are built with a wide variety of source data, up to date statistics and our own in depth research to provide instant replacement cost estimates for each industry segment.
Learn about the segments we cover:
Our Residential Data Pyramid
- Property location, type and occupancy type
- Number and make of up occupants
- Room numbers and types
- Consideration for the quality and quantity of contents
This extensive range of data ensures our models are able to build bespoke replacement cost quotes for any property to a high level of accuracy.
