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?
Bologna, Italy, October 2, 2019
CRIF is ranked once again among the top 50 FinTech companies on a global scale in 2019
CRIF was cited in the prestigious IDC rankings for the seventh year running, classified in 50th place on an international level. Now in its sixteenth edition, the IDC FinTech Rankings assess the main global technology suppliers for the financial sector based on revenues achieved in the previous calendar year in relation to hardware, software and services.
Manchester, 26 September 2019
CRIF exhibits at the PI Futures Conference 2019
Over 200 leaders and managers from UK law firms attended the PI Futures Conference 2019 organised by Legal Features, which showcased a programme of conference sessions including high profile speakers and panellists from the legal sector.
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!
The Brewery, London, October 3, 2019
CRIF sponsors the Insurance Fraud Awards 2019
CRIF will sponsor the Insurance Fraud Awards 2019, which attracts around 450 guests from over 124 different companies. The Insurance Fraud Awards are truly a fantastic night for the insurance community championing the industry's fraud fighters.