Case Study: North Dakota Insurance Department achieves more accurate insurable values and streamlined property risk management with AssetWorks AMP

Empowering a Small Team with a Robust Property Risk Management Solution

The North Dakota Insurance Department’s State Fire and Tornado Fund insures roughly 10,000 buildings statewide—with total insurable value growing from about $3.5 billion in 1999 to over $14 billion today—while operating with a small staff. Rapid infrastructure growth, rising construction costs, and an outdated valuation tool left many properties undervalued and made it difficult to manage exposures, claims documentation, and accurate replacement-cost estimates.

By implementing AssetWorks’ AMP Risk Base and Valuation Estimator, the Fund gained tailored North Dakota valuation models, access to expert appraisers, and document-linked property records. The result is more accurate insurable values and condition-adjusted pricing, streamlined claims and data workflows via downloadable building information, and improved risk stewardship with potential cost savings for the state.

North Dakota Insurance Department

Jeff Bitz

Program Director