The first pet insurance claims database
providing a holistic view of the claimant and their claims history
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?
London, May 24, 2019
CRIF exhibits at the Business Show 2019
Back from the Business Show in London, it was wonderful to meet so many people and let them know a bit more about CRIF and our risk management solutions for SMEs. Stay tuned!
London, March 30, 2019
CRIF exhibits at Legalex 2019
On March 27 & 28, 2019, CRIF exhibited at the Legalex event in London, Europe’s most comprehensive and all-encompassing trade show for law firms and solicitors.
Over 3,000 legal professionals came together at the ExCeL to discover the latest tools, products, services, resources and innovations that are changing the game in legal business growth and data security.
Stadium Of Light, Sunderland, June 13, 2019
CRIF at the Show Your Mussel event
CRIF exhibits at the Show Your Mussel event at the Stadium of Light! We will have the opportunity to meet hundreds of business...
ExCel, London, May 15 & 16, 2019
The Business Show 2019
CRIF will exhibit at The Business Show 2019, the UK’s largest trade show for business professionals. The Business Show has been established as the must-attend event for businessmen and businesswomen across the country, with not only the true cutting edge in products and services available from the 400 world class exhibitors, but also a seminar programme made up of 200 seminars led by some truly inspiring individuals.