Pet Insurance

The first pet insurance claims database

providing a holistic view of the claimant and their claims history

pet_insurance_cat.jpg

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?

News

  • Insurance and Banking. Challenges and synergies

    On February 14, Sara Costantini, Managing Director of CRIF Decision Solutions UK & Ireland, presented a webinar on the differences and synergies in the insurance and banking industries in collaboration with IFC - International Finance Corporation.

  • Chester le Street, February 13, 2019

    CRIF exhibits at the NERN event

    On February 13, 2019, CRIF Decision Solutions exhibited at the North East Referral Network (NERN) event held at the Emirates Riverside, Chester le Street. It was a good opportunity to interact with micro and small business and a select professional networking group. The NERN event focused on promoting the growth of individual businesses, and helping supply and demand to meet by extending the range of professional contacts and potential customers.

All

Events

  • Chester le Street, February 13, 2019

    CRIF at the NERN event

    On February 13, 2019, CRIF Decision Solutions will exhibit at the North East Referral Network (NERN) event held at the Emirates Riverside, Chester le Street. CRIF will present its offer dedicated to the SME market and its range of solutions for credit and cyber risk management, as well as the KYC suite for identity verification and AML due diligence.

  • February 14, 2019

    Webinar: Insurance and banking. Data sharing and synergies to prevent fraud

    Sara Costantini, Managing Director, CRIF Decision Solutions UK & Ireland will deliver a speech on the webinar organised in collaboration with IFC - International Finance Corporation,a sister organszation of the World Bank and member of the World Bank Group.

Other events in the UK
Events worldwide