Cannes, 13 March 2018 - Prelios Valuations shows a preview of the new Premium platform at MIPIM 2018 (Prelios Group booth: R7.D32).
Today, technology makes it possible to combine property-related big data with the requirements of banks to meet commercial needs, map the territory and monitor real estate collateral continuously for the entire duration of loans, with self-evident advantages in terms of risk management and costs.
Premium is the innovative property risk analysis platform launched by Prelios Valuations in response to this new strategic direction and to satisfy the new European and Italian regulations, including IFRS 9, Bank of Italy Circular 285 and the ECB guidelines on NPL.
For each property, Premium provides:
- the Risk Index to calculate the probability of loss of value over the short term;
- the Mortgage Lending Value for calculation of the future prudential value of the property over the course of the loan;
- the Predictive Market Value for calculation of the future market value over the short and medium term (to determine the IFRS 9 lifetime expected loss);
- the Judicial Value to calculate the most likely award price in an auction (to determine the Market Value using the assumptions in the 2018 ABI guidelines on NPL).
Premium was developed by Prelios Valuations in collaboration with BRaVE m&t (a spin-off of the Politecnico di Milano), Microsoft, Consodata and Agic Technology.
For over twenty years, Prelios Valuations has been one of the leading Italian property valuation companies, providing professional services with a high degree of technological and innovative content.
Prelios Valuations operates across the whole of Italy through a network of 800 professionals with decades of experience, managed by a central structure and regional offices. The network has grown stronger over the years through continuous technical quality monitoring and structured selection and verification activities.