KIT has a fully integrated claim management process, incorporating existing underwriting information.

• Records and tracks all:
  • claims
  • estimate adjustments
  • excesses
  • payments
  • recoveries
  • salvage transactions
• Automatically verifies cover based on date of loss through integration with underwriting information
• Automatically verifies premium payment
• Supports multiple losses per single claim
• Supports multiple classes of business in a single claim
• Supports catastrophe events and excess of loss protection
• Keeps a full history of claim adjustments
• Calculates and records possible excess of loss or catastrophe reinsurance claims
• Calculates portions of claim attributable to various re-insurers and co-insurers
• Electronic notification to interested parties in the event of any salient transactions