When it comes to insuring personal property, you need access to all of the principal data required to underwrite a habitational risk. With CGI, you have access to that data through the following suite of personal property services and solutions:
- HITS provides online access to historical personal property claims information.
- HITSPlus predicts the probability of a future claim occurring and its severity within the first two years of a policy’s inception or renewal.
- HITS Valuation provides residential property replacement cost values and construction details.
CGI’s Habitational Insurance Tracking System (HITS) provides insurers with online access to the most comprehensive source of personal property claims information available today. Underwriters rely on HITS to identify bad risks before they become a part of their book of business. Claims personnel benefit from HITS' detailed claims history, which allows patterns of suspicious claims to be identified early in the claims adjustment process and appropriate action to be taken. (Download the brochure —PDF)
With CGI’s HITSPlus, you can predict the probability of a future residential property claim occurring and its severity within the first two years of a policy’s inception or renewal. The HITSPlus score is generated using current claims history and certain elements of behavioural patterns found in credit data. HITSPlus combines these predictive components into a single, user-friendly predictive model that gives insurers the power to predict the future-the probability of a claim and the average value of the claim. (Download the brochure —PDF)
CGI’s HITS Valuation helps insurers tackle the problem of underinsurance by providing replacement cost values and construction details (for example, year built, square footage, number of rooms, number of stories and so on) for residential properties in Ontario and British Columbia. (Download the brochure — PDF)