International insurer Chubb has recognised the Auctioneers and Valuers Association of Australia (AVAA) and the respected AVAA Certified Valuer (CVAu) credential in its published guidance on obtaining professional valuations, providing a welcome acknowledgement of the Association and the expertise of its members.

For Australian valuers, recognition from an international insurer such as Chubb is encouraging. It reflects the importance that organisations relying on professional valuations place on experience, qualifications and ethical standards.

Chubb has published two articles advising collectors on the importance of obtaining professional valuations for fine art, jewellery, antiques and other valuable assets. Both identify AVAA as an organisation that collectors can consult when looking for a certified valuer.

In its article, The Importance of Reappraising Fine Art Collections to Current Value, Chubb directs collectors towards AVAA when searching for valuation expertise.

A second article, Why You Need a Valuation for Your Collectibles and How to Get One, Chubb refers readers to AVAA when seeking a professional valuer. The article also discusses the importance of relevant experience and obtaining valuations from certified valuers.

These references are particularly welcome because they come from an insurer that understands how much can depend on a properly prepared valuation.

A professional valuation can influence an insurance decision involving hundreds of thousands of dollars. It may also be relied upon in taxation matters, estate administration, legal proceedings or the sale of a valuable collection. The person preparing that professional valuation report carries considerable responsibility, which is why they should be a certified valuer.

Knowing an asset well is an important starting point, although professional valuation requires considerably more. A valuer must understand the relevant market, identify the appropriate basis of value and prepare a report that explains and supports the conclusion reached.  This is why AVAA has invested considerable effort in developing its professional certification framework and AVAA Professional Standards.

The respected AVAA Certified Valuer (CVAu) credential recognises practitioners who have demonstrated substantial valuation experience and satisfied the Association’s professional admission requirements. Applicants ordinarily require at least five years of relevant experience, evidence of their ability to prepare professional valuation reports and appropriate professional indemnity insurance.  All certified valuers must also meet continuing professional development obligations and comply with the AVAA Professional Standards. These requirements are intended to give clients greater confidence in the professional competence and accountability of the person undertaking their valuation.

For experienced valuers, certification provides an opportunity to have their professional standing formally recognised. It also connects them with a national association actively engaged in developing valuation standards and representing the profession in discussions with government, regulators and other organisations.

Considering Becoming A Certified Valuer?

If you are an experienced valuer who has yet to obtain the respected AVAA Certified Valuer (CVAu) credential, now is a good time to apply. Certification recognises your professional experience, competence and commitment to ethical standards. With organisations such as Chubb directing clients towards AVAA, professional recognition has practical value. [Apply Today]

Chubb’s recognition is also something current certified valuers can take considerable pride in. It acknowledges the importance of professional expertise in a field where clients often place significant trust in the advice they receive. Professional recognition develops over time, reflecting the quality of work undertaken by individual practitioners, the confidence of those who engage them and a shared commitment to maintaining professional standards.

AVAA continues to build on this foundation through its certification framework, the AVAA Professional Standards and engagement with organisations that rely on valuation expertise. Each contributes to greater awareness of the skills and responsibilities involved in professional valuation.

Seeing an international insurer direct Australian collectors towards AVAA is a welcome development for the profession. It reflects positively on the Association and the members whose work contributes to its standing, while reinforcing the value of professional certification in an increasingly demanding commercial environment.

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Interested In Finding Out More?

If you’d like more information on the respected AVAA Certified Valuer (CVAu), send an email to certification@avaa.com.au or telephone 1300 928 165.  You can also stay up to date by following AVAA on LinkedIn, X/Twitter and Facebook.
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