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, 25 March 2021

    What is this the future of InsurTech?

    Interview with Sara Costantini, Managing Director of CRIF Decision Solutions.
    The insurance landscape is quickly evolving due to the impact of COVID-19. Now more than ever, the insurance industry needs to reconnect and re-engage with its customers in a way that is truly relevant and adds value. The customer experience should be highly individual and business centric, encouraging the creation of a long-term partnership. 

  • Paris, Boston & London, 16 February, 2021

    Shift Technology and CRIF Collaborate in the Fight Against Insurance Fraud

    MIB CUE Members Will Be Able to Access Fraud Intelligence Data from CRIF’s Sherlock Service To Strengthen Shift Claims Fraud Detection Analysis. Shift Technology today announced it has collaborated with CRIF Decision Solutions Ltd.

All news

Events

  • Digital, 15 July 2021

    CRIF is as key partner for Open Banking Expo Awards

    CRIF is as key partner for Open Banking Expo Awards, which recognise the innovators, disruptors and visionaries from around the world and take place on 15 July 2021.

  • DIGITAL, 18-19 May, 2021

    CRIF at The Petcare Innovation Summit 2021

    CRIF will attend The Petcare Innovation Summit to connect with emerging pet health, consumer brands, strategic players and financial buyers.The only event connecting Petcare Innovators with Investors and Strategic Partners.

Other events in the UK
Events worldwide