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 unethical 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

  • Amsterdam, the Netherlands, May 3-4, 2018

    CRIF at the EXCELLENCE IN CLAIMS MANAGEMENT 2018 conference

    Yesterday at the EXCELLENCE IN CLAIMS MANAGEMENT 2018 conference held in Amsterdam, Sara Costantini, Managing Director at CRIF Decision Solutions Ltd., gave a speech entitled ‘Using claims to boost revenue: how to keep focus on cost reduction and client satisfaction’.

  • Hilton Tower Bridge, London, March 20, 2018

    What are the key challenges of the UK Motor insurance industry?

    CRIF attended the Insurance Innovators: Motor 2018 event, which addressed the major issues facing motor insurers, from claims transformation to customer engagement and retention.

All

Events

  • Royal Albert hall, London, July 4, 2018

    The 24th British Insurance Awards 2018

  • Amsterdam, the Netherlands, May 3-4, 2018

    Excellence in Claims Management Conference

    Among a panel of European industry players, CRIF has been invited to give a speech on ‘Using insurance claims to boost revenue’ as well as to take part in the debate focused on customer fraudulent behaviours and potential patterns. How to stop fraudulent behaviour before it happens? The panel discussion will try to address this topic and share their views and experiences. For more information: http://euro-events.co/excellence-in-claims-management2018/

Other events in the UK
Events worldwide