May 23, 2014 by Canadian Underwriter
Fire Underwriters Survey, operated by Opta Information Intelligence, will be releasing a new online system for its Canadian Fire Insurance Grading Index.
Version 2.0 will be available May 25 through the iClarify property valuation tool from Opta, at no additional cost to all subscribing insurance companies and the brokers they sponsor. The system is also available at the FUS website.
According to FUS, some features of the new version of the Canadian Fire Insurance Grading Index are:
“The insurance industry is evolving quickly and there are significant gains ahead as companies realize they can improve accuracy, efficiency, and profitability with the implementation of digital and GIS based tools,” Michael Currie, Fire Underwriters Survey Director at Opta Information Intelligence said in a press release.
“The Canadian Fire Insurance Grading Index is one of the tools that is leading the way in the digital and GIS evolution of the P&C industry in Canada.”
Over the past two years, FUS has been testing the implementation of GIS technology into the offering, and has created several search tools including adding hydrant data into several areas of Canada.
“The FUS tool has been a huge help to us since it was introduced,” Autumn Kerr, manager of Risk Management Services at AIG Canada added in the statement.
“Since then we have benefited with every improvement you’ve rolled out on the system – the address mapping, the earthquake hazard ratings, and now the fire hydrant mapping. I’m excited to see what the next few months will bring.”
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