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.
CRIF interviewed by POST: data's impact on pet insurance
Sara Costantini, Director at CRIF Decision Solutions Ltd, discusses with Post commissioning editor Cecile Brisson how data could revolutionise the pet insurance market. A holistic view of the customer is instrumental in cutting costs, adapting service and setting premiums, she argues, noting that telematics and databases have already profoundly changed the motor sector.
London, August 3, 2017
RDT integrates its centralised rating platform with CRIF
INSURTECH innovator RDT has integrated its software with CRIF, giving insurers access to even more of their customers’ claims history at point of quote and first notification of loss.
London, October 5
CRIF sponsors the Insurance Fraud Awards 2017
CRIF Decision Solutions Ltd with sponsor the Insurance Fraud Awards 2017, at the awards ceremony which is to be held at The Brewery, London on October 5th.
Royal Albert Hall, London, July 5, 2017
The British Insurance Awards 2017
CRIF Decision Solutions Ltd. will be sponsor at the British Insurance Awards at the Royal Albert Hall on July 5th.