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?
London, February 27, 2018
CRIF at the ABI Annual Conference 2018
On February 27, 2018, CRIF took part in the latest edition of the ABI Annual Conference, which brought together around 450 industry leaders, politicians and regulators to debate the major issues affecting the insurance industry today.
Manila (Philippines) and Bologna (Italy), March 2, 2018
CRIF acquires Dun & Bradstreet Philippines
The acquisition will strengthen CRIF’s leading position in the field of business and credit information and risk management solutions in the ASEAN region.
London, November 2, 2017
The Insurance Fraud Forum
CRIF sponsors The Insurance Fraud Forum, which offers unparalleled networking opportunities, ideas sharing, and meaningful debates on how to fight fraud. The ABI's figures show that the insurance sector prevented 125,000 fraudulent claims in 2016, to the tune of £1.3bn.
London, October 5
CRIF sponsors the Insurance Fraud Awards 2017
CRIF Decision Solutions Ltd with sponsor the Insurance Fraud Awards 2017, at the awards ceremony which is to be held at The Brewery, London on October 5th.