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?
Milan, November 29, 2019
CRIF receives official recognition from the British Government at the UK-Italy Business Boost Awards
During the 13th edition of the UK-Italy Business Boost Awards organised by the Department for International Trade in Italy, held at the Italian Stock Exchange in Milan on November 28, CRIF received official recognition from the British Government, given to Italian companies that invest in the UK and British companies that invest in and export to Italy.
London, November 25, 2019
FREE WHITE PAPER | General Data Protection Regulation & Cyber Risk
General Data Protection Regulation, a year on. The GDPR was generated to give people control of their personal data and create a high, uniform level of data protection across the EU that's ‘fit for today’s digital age’. What about compliance, data protection and risks?
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!