Streamline pet policy pricing
Assess risk in real time to grow your book of business and accurately price pet cover.
Pet insurance fraud management
The first suite of counter fraud services in the UK: from the pet claims database to AI-driven fraud detection tools.
Empower your anti-fraud strategies
Data and insights: only 3 seconds to investigate 100% of your claims and identify hidden fraudulent connections.
CRIF for the Pet insurance industry
The pet insurance market continues to represent significant growth opportunities for insurers. The pet population in the UK stands at around 57 million with an estimated 40% of households owning a pet. Some £872 million-worth of claims were dealt with in 2021, jumping by 9.2% compared with the previous year, according to the ABI.
The chance for agile insurers to increase their market share is undeniable. But there are some challenges to overcome in order to achieve profitable growth.
In the last few years, the CRIF team has been focusing on the pet market, developing the UK’s only centralised database for pet insurance claims database (CACHE Pet) as well as Sherlock Detection to provide pet insurers with an innovative fraud detection service.
Data and insights: only 3 seconds to investigate 100% of insurance claims and identify hidden fraudulent connections.
CACHE Pet and Sherlock Detection enable insurers to share pet insurance claims data to help detect and prevent pet insurance claims fraud, reduce claim lifecycle by fast tracking genuine claimants, and automatically identify suspicious cases for further investigation as well as reject fraudulent claims before they are paid out.
This allows Pet insurers to have a holistic view of the pet insurance claim and the parties involved, supporting the genuine customer, vet and the insurer.
What can pet insurers do to detect and prevent pet insurance claims fraud and grow thier book of business?
Streamlined risk assessment and pet policy pricing
Help ensure that the correct risk assessment is undertaken at a very early stage of the insurance lifecycle, safeguarding both the customer and the pet insurer.
Pet Claims Insurance Bureau
The first pet insurance claims database providing a holistic view of the claimant and their claims history, including pet pre-existing conditions.
Pet Insurance Fraud Detection
AI-driven risk assessment solution to empower your anti-fraud and marketing strategies by automating fraud detection, improving claims investigations and boost sales.
Boost your business with end-to-end digital insurance solution
Digital Booster is the digital insurance platform that accelerates and diversifies your insurance products in just a few months.
WHAT ABOUT PETS AFTER LOCKDOWN? Episode 1
Is your pet suffering frompost-lockdown “separation anxiety”? How can separation anxiety be treated and prevented? What about international travel and quarantine.
News, and expert opinions on the world of pets.
WHAT ABOUT PETS AFTER LOCKDOWN? Episode 2
Coronavirus. Do dogs sniff out COVID-19 faster than tests? Do you have a COVID-19 plan for your pet? Has your pet been in contact with a person infected by the coronavirus and needs treatment? Spike in adoptions and foster applications. What about after the pandemic?
Tips and news on the world of pets.
London, 26 May 2022
New open banking-powered invoice financing service launches to support businesses during tough economic times, and help more to get paid instantly
More UK small and medium-sized businesses (SMEs) will be able to get their invoices paid instantly, better manage their cashflow and improve their overall creditworthiness.
The innovation has been made possible through a new partnership, combining invoice finance provider Penny’s instant payment services with CRIF’s market leading credit scoring solution. The collaboration draws on CRIF’s expertise as a global leader in open banking solutions to bring its full power to the world of invoice financing.
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.
Business Design Centre, London, 20 October 2022
CRIF exhibits at Open Banking Expo UK 2022
Open Banking Expo is a global community of Open Banking and Open Finance executives responsible for digital transformation across the financial services sector. CRIF will be showcasing their new suite of open banking and digital solutions that are already helping businesses make the most of their data in the UK and in Europe.
London, Park Plaza Riverbank
CRIF nominated for multiple Open Banking Expo Awards 2022
CRIF is pleased to announce that the team will be attending the Open Banking Expo awards ceremony in London. The Open Banking Expo awards, taking place at Park Plaza Riverbank on July 7, recognise and honour the global visionaries and innovators of digital transformation within financial services.