AssetWorks LLC

AssetWorks LLC

January 19, 2015 10:00 ET

Montana Risk Retention Pool Goes Live with AssetWorks' AMP Property Risk Software

AMP to Streamline Property Data Management for the more than 120 Member Montana Municipal Interlocal Authority

HELENA, MONTANA--(Marketwired - Jan. 19, 2015) - AssetWorks Inc., a leading provider of appraisal services and software solutions to asset- and infrastructure-intensive organizations, today announced that the Montana Municipal Interlocal Authority (MMIA) has implemented AMP Property Risk Management Software from AssetWorks. AMP offers MMIA a convenient, efficient, and secure method for managing the property data and insurable values for approximately 3,900 buildings.

"Since the MMIA property program began in 1998, we've more than quadrupled in size," stated MMIA Training Coordinator/Member Services Representative, Laura Wigen. "With more members managing more data, we recognize that having a single, comprehensive solution, like AMP, for property tracking and valuation management is critical."

By maintaining information about buildings and structures, vehicles, property-in-the-open, and secondary C.O.P.E. characteristics in one database, AMP can help MMIA streamline data communication processes and simplify the insurance renewal procedure. Various levels of user access, approval processes and a complete auditable history ensure the integrity of the data being tracked while a dynamic reporting tool can assist users with data conversion for catastrophe modeling and proof-of-loss documentation.

"The feedback we've received from our members has been very positive" stated Wigen. "Many of our members plan to use this new program as their main source of tracking images, documents, and property information."

The Montana Municipal Interlocal Authority (MMIA) is a risk retention pool created and managed by the cities and towns of the State of Montana. The MMIA Property Insurance Program began in 1998 with just 25 members and has since grown to include more than 120 member cities and towns. The program coverages include everything from real property, equipment and vehicles to animals and art.

About AssetWorks LLC

AssetWorks LLC delivers industry-leading business solutions that help asset- and infrastructure-intensive organizations control capital and operating expenditures, reduce operational complexity, and manage regulatory and policy-driven risk. Leveraging a comprehensive portfolio of software and consulting solutions, we help organizations work more efficiently by improving access to shared asset data, promoting greater transparency across the organization, improving service delivery, maximizing asset availability and uptime and reducing total cost of ownership. Using the latest cloud and mobile computing technologies, our asset management solutions and domain expertise help organizations eliminate waste, redundancy, and inefficiency. For more information, visit: www.assetworks.com.

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