MVR Predictor is a statistically sound tool that capitalizes on the predictive nature of claims history and credit bureau information. The P&C insurance industry spends nearly $60M on MVR’s each year. CGI’s MVR Predictor gives insurers the opportunity to lower MVR expenditures by reducing the number of MVR’s purchased.

In markets where immediate MVR’s are not available, MVR Predictor can enhance your ‘point of sale’ process by quickly identifying poor risks without actually ordering an MVR. MVR Predictor is an ideal underwriting tool for Insurers’ looking to operate 24/7.

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For convenience, the MVR predictor is integrated into the existing MVR ordering system. Each time an MVR is ordered, a predictive score is dynamically calculated based on current claims and credit bureau information. This score is then compared to the company specified "cut-off" score, but not revealed to the underwriter. If the predictive score is above the specified "cut-off" score, the MVR will not be ordered. If the predictive score is below the specified "cut-off" score, the MVR request is processed and the MVR will be returned to the requester in the usual fashion. The scoring mechanism can be overridden if the underwriter requires an MVR regardless of the score or wishes to avoid scoring the applicant.