Pet Insurance

The first pet insurance claims database

providing a holistic view of the claimant and their claims history

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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 miillion with an estimated 40% of households owning a pet. According to figures from the ABI only 30% of the 8.5 million dog owners and just 16% of the 7.5 million cat owners are thought to have pet insurance and these insurance statistics do not take into account smaller furry animals such as rabbits or more exotic pets such as snakes. 
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.

CRIF has developed the industry’s first pet insurance claims database to support UK insurers facing increasing fraud risks and rising claim costs.

CACHE Pet enables insurers to share pet insurance claims data to help detect and prevent pet insurance claims fraud, reduce claim lifecycle by fast tracking genuine claimants, reduce costs and improve customer satisfaction.
CRIF envisions additional data sources being made available via CACHE Pet in the future, these include a full claims profile of the claimant across multiple business lines, pet micro-chip databases and business bureau information related to veterinary practices.

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 insurers do to detect and prevent pet insurance claims fraud?

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Events

  • QEII Centre, London, 13 – 14 November 2019

    CRIF at Insurance Innovators Summit 2019

    CRIF will attend the Insurance Innovators Summit, the Europe’s leading general insurance conference. The very best of the insurance industry comes together for two intense days to challenge the world of insurance.

  • October 23, 2019

    CRIF Cyber Safe Day

    On 23rd October, during CRIF Cyber Safe Day, CRIF will be offering a FREE cyber risk scan to any UK-based company. Start getting cyber risk under control now!

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