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 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.
London, 14 March 2022
CRIF works with RSA to strengthen pet insurance fraud detection
CRIF Decision Solutions [CRIF] has announced that it is providing RSA Insurance [RSA] with a suite of pet insurance solutions to strengthen its pet insurance fraud detection and reduce the cost of fraudulent pet claims.
10 March 2022
FLY NOW PAY LATER chooses CRIF for its open banking risk assessment
Fly Now Pay Later wanted to introduce a faster, smoother way of evaluating travelers’ credit applications and were looking for a strong partnership to develop its business starting from Germany, but aiming to expand this service to other European countries in the future.
Novotel London West, 29 June 2022
CRIF exhibits at Banking Transformation Summit 2022
Banking Transformation Summit 2022 will highlight what internal and external factors are going to disrupt the banking sector. It will be a great oppotunity to present CRIF digital and open banking solutions and answer the most pressing industry questions as well as network with colleagues and peers from the banking industry.
The Waldorf Hilton, London, 25-26 May 2022
CRIF at the Digital Transformation in Insurance Conference 2022
CRIF will be a co-partner of the 2022 Digital Transformation in Insurance Conference, held in London on 25th-26th May. The two-day conference will address a variety of industry topics and provide insights into how the insurance industry can excel in customer engagement.