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.
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 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?
Discover the best solutions for your needs:
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.
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.
CRIF at the ABI Annual Conference 2020
Today at the ABI Annual Conference 2020 industry leaders, politicians and regulators discussed the most pressing issues affecting the UK insurance industry. How will political and reputational risks change in 2020? How are ethics and reputation interpreted in the age of data revolution?
London, The Great Hall, November 18-19, 2020
CRIF exhibits at the FinTech World Forum 2020
For more information: https://fintechconferences.com/
February 25, 2020, London
ABI Annual Conference 2020
CRIF at the 2020 edition of the ABI Annual Conference. The event will bring industry leaders, politicians and regulators together to debate the major issues affecting the insurance and long-term savings industry in the UK. For more information: www.abi.org.uk/events/annual-conference-2020/