Pet insurance fraud management
The first suite of counter fraud services in the UK: from the pet claims database to AI-driven risk assessment and fraud detection tools.
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. 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.
In the last few years, the CRIF team has been focusing on the pet market, developing the first centralised pet insurance claims database (CACHE Pet) as well as Sherlock Detection to equip 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 insurers do to detect and prevent pet insurance claims fraud?
Pet Claims Insurance Bureau
The first pet insurance claims database providing a holistic view of the claimant and their claims history.
Pet Insurance Fraud Detection
AI-driven risk assessment solution to empower your anti-fraud strategies by automating fraud detection and improving claims investigations.
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.
Nottingham, May 26, 2020
Percayso Inform teams up with CRIF Decision Solutions
Insurance intelligence provider, Percayso Inform, has teamed up with consumer profiling expert, CRIF Decisions Solutions.
BOLOGNA (ITALY) AND BARCELONA (SPAIN) MARCH, 30 2020
CRIF signs agreement for the acquisition of 100% of Strands Inc. to create a worldwide digital solutions provider for open banking business
CRIF announces an agreement to acquire the total shareholding of Strands, a FinTech company specialised in advanced digital banking solutions. The closing of the deal is expected to be finalized in the coming weeks.
London, The Great Hall, November 18-19, 2020
CRIF exhibits at the FinTech World Forum 2020
For more information: https://fintechconferences.com/
Olympia, London, October 20-21, 2020
CRIF exhibits at the 2020 Banking Transformation Summit
The future of banking: embracing digital transformation. For more information: https://bankingtransformationsummit.com/