Pet Insurance

The first pet insurance claims database

providing a holistic view of the claimant and their claims history

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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

  • Amsterdam, the Netherlands, May 3-4, 2018

    CRIF at the EXCELLENCE IN CLAIMS MANAGEMENT 2018 conference

    Yesterday at the EXCELLENCE IN CLAIMS MANAGEMENT 2018 conference held in Amsterdam, Sara Costantini, Managing Director at CRIF Decision Solutions Ltd., gave a speech entitled ‘Using claims to boost revenue: how to keep focus on cost reduction and client satisfaction’.

  • Hilton Tower Bridge, London, March 20, 2018

    What are the key challenges of the UK Motor insurance industry?

    CRIF attended the Insurance Innovators: Motor 2018 event, which addressed the major issues facing motor insurers, from claims transformation to customer engagement and retention.

All

Events

  • Royal Albert hall, London, July 4, 2018

    The 24th British Insurance Awards 2018

  • Amsterdam, the Netherlands, May 3-4, 2018

    Excellence in Claims Management Conference

    Among a panel of European industry players, CRIF has been invited to give a speech on ‘Using insurance claims to boost revenue’ as well as to take part in the debate focused on customer fraudulent behaviours and potential patterns. How to stop fraudulent behaviour before it happens? The panel discussion will try to address this topic and share their views and experiences. For more information: http://euro-events.co/excellence-in-claims-management2018/

Other events in the UK
Events worldwide