Streamline risk management
information sharing and compliance with FCA reporting regulations
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.
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.
Insurance Post: Pet insurance, fetching data by CRIF
Customer profiling is key to accurately assessing insurance risk, capturing fraud and improving the pet owner’s insurance experience.
London, October 5, 2017
CRIF sponsors the Insurance Fraud Awards 2017
The 2017 Insurance Fraud Awards were held at The Brewery in London on 5th October. CRIF were proud to attend and sponsor this prestigious event which celebrates the organisations, teams and individuals who work tirelessly to try and combat insurance fraud.
London, November 2, 2017
CRIF sposors the Insurance Fraud Forum 2017
CRIF will participate at this year edition of the Insurance Fraud Forum organised by the Insurance POST.
London, November 2, 2017
The Insurance Fraud Forum
CRIF sponsors The Insurance Fraud Forum, which offers unparalleled networking opportunities, ideas sharing, and meaningful debates on how to fight fraud. The ABI's figures show that the insurance sector prevented 125,000 fraudulent claims in 2016, to the tune of £1.3bn.