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, September 23, 2020

    New digital proposition from CRIF equips insurers and distributors to rapidly trade new on demand offerings

    Insurers and insurance distributors are now able to create and bring a fully digital insurance product to market within just a few months with Digital Booster from CRIF Decision Solutions. Digital Booster is powered by YOLO, a fully and exclusively digital insurance enabler. The partnership with YOLO is strategic for CRIF, enabling it to provide a unique and innovative offering by leveraging cutting-edge technology, digital processes and new insurance products.

  • London, September 4, 2020

    Restoring Confidence and Seizing Opportunities in the Insurance Sector Post Covid-19

    The post Covid-19 insurance landscape is rapidly changing and insurers are increasingly aware that they must adjust and rethink in order to satisfy the needs of their customers and remain relevant.  As a result, the pandemic may be the catalyst for innovation in insurance, leading to improved customer experience and personalisation, much of which is arguably long overdue.

All news

Events

  • London, The Great Hall, November 18-19, 2020

    CRIF exhibits at the FinTech World Forum 2020

    For more information: https://fintechconferences.com/

  • Olympia, London, October 20-21, 2020

    CRIF exhibits at the 2020 Banking Transformation Summit - POSTPONED IN 2021

    The future of banking: embracing digital transformation. For more information: https://bankingtransformationsummit.com/

Other events in the UK
Events worldwide