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

  • Royal Albert Hall, London, July 10, 2019

    CRIF sponsors the 25th edition of the British Insurance Awards

    On July 10, CRIF took part in the British Insurance Awards, the most prestigious awards in the UK insurance calendar, shining a spotlight on the companies that are embracing innovation and successfully transforming the world of insurance.

  • Kiev, June 18-19, 2019

    CRIF sponsors the Ukraine Credit Reporting Conference

    The International Finance Corporation (IFC), a member of the World Bank Group, invited CRIF as a leading player in the credit reporting industry to join its Regional Credit Reporting Conference. Sara Costantini, UK and Ireland Regional Director at CRIF, delivered a speech titled: Insurance and Banking. Cross-industry data sharing for customer risk assessment.

All

Events

  • Royal Albert Hall, London, July 10, 2019

    CRIF at the 25th British Insurance Awards

    Taking place at the magnificent Royal Albert Hall in London, the BIAs are the largest and most prestigious awards in the UK insurance calendar. It provides a spectacular occasion for the insurance community to come together and put the spotlight on the companies that are embracing innovation and positively transforming the world of insurance.

  • 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...

Other events in the UK
Events worldwide