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

  • London, July 4, 2018

    CRIF sponsors the 2018 British Insurance Awards

    On July 4, CRIF took part in the British Insurance Awards, one of the most popular and spectacular events for the whole insurance community, descending on the Royal Albert Hall for a memorable networking evening.

  • London, June 26, 2018

    RSA to Extend Use of CRIF’s Industry Database for Pet Insurance Claims

    RSA is to extend its use of CACHE Pet, the industry’s first pet insurance claims database developed by CRIF Decision Solutions [CRIF] to support insurers facing fraud risk and rising claim costs.  The news comes as the ABI released figures revealing that pet insurers paid out an average £2 million per day in claims in 2017, the highest figure on record and increasing 10% year on year. 

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