Life Insurance

Streamline risk management

information sharing and compliance with FCA reporting regulations

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CRIF for life insurance companies


CRIF provides the life insurance industry with information solutions and qualified support to mitigate potential risks, and optimise information sharing. By validating and monitoring the entire lifecycle of their business relationships with individual IFAs, supporting confidence, transparency and efficiency in relation to commission credit and debt, life insurance companies can identify IFAs who may systematically target multiple insurers in order to commit commission fraud and IFAs who may repeatedly require extensive and long-term commission credit due to financial instability.
This in turn protects insurers from reputation risk, assists them in realising their TCF (treating customer fairly) objectives and supports mutually beneficial relationships with their IFA partners.

Discover the best solutions for your needs:

Point of Sale

Data enrichment is a powerful risk selection and fraud detection tool, which when used effectively can reduce operating cost ratios and allow insurers to price keenly, gaining a competitive advantage over their peers.

Point of Claim

Assessing risk in order to reduce exposure by accurately identifying risks and automatically detect cases where further investigation is required at the claim stages of the insurance lifecycle.

Fraud Investigation

Automatically detect existing and uncover previously unknown cases of fraud in order to reduce exposure to organised and opportunistic fraud. Gain a complete picture of the types of connections amongst subjects across all lines of business.

News

  • London, January 14, 2020

    CRIF Launches Fraud Detection Tool for Pet Insurers

    CRIF Decision Solutions has launched Sherlock Detection, an automated fraud detection tool which rapidly risk assesses every claim, to help pet insurers prevent, manage and detect fraud swiftly and efficiently.

  • Milan, November 29, 2019

    CRIF receives official recognition from the British Government at the UK-Italy Business Boost Awards

    During the 13th edition of the UK-Italy Business Boost Awards organised by the Department for International Trade in Italy, held at the Italian Stock Exchange in Milan on November 28, CRIF received official recognition from the British Government, given to Italian companies that invest in the UK and British companies that invest in and export to Italy.

All news

Events

  • London, Association of British Insurers, UK Head Office, 29 January 2020

    CRIF at the Civil Justice Reform conference

    With the the Civil Liability Act, the announcement of the new Personal Injury Discount Rate in August 2019 and the imminent changes to the compensation regime for soft tissue injuries coming into place in April 2020, this event provides an overview of the reform process and of the challenges ahead. Learn more

  • QEII Centre, London, 13 – 14 November 2019

    CRIF at Insurance Innovators Summit 2019

    CRIF will attend the Insurance Innovators Summit, the Europe’s leading general insurance conference. The very best of the insurance industry comes together for two intense days to challenge the world of insurance.

Other events in the UK
Events worldwide