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

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Events

  • Webinar: Sherlock Alert to effectively fight PI fraudulent claims

    On the 29th of October, join James Hope, Sales Consultant at CRIF Decision Solutions, and Chris Porrit, GI Fraud Analytics & Rules Performance Manager at LV=, for a free webinar on how you can proactively identify suspicious personal injury claims better than ever before. Save your spot!

  • 29 September 2021

    CRIF Webinar: Digital Remote Selling

    CRIF is organising a webinar on Digital Remote Selling to explain how clients can interact with their sales representatives in...

Other events in the UK
Events worldwide