Streamline pet policy pricing
Assess risk in real time to grow your book of business and accurately price pet cover.
Pet insurance fraud management
The first suite of counter fraud services in the UK: from the pet claims database to AI-driven fraud detection tools.
Empower your anti-fraud strategies
Data and insights: only 3 seconds to investigate 100% of your claims and identify hidden fraudulent connections.
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 million 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.
In the last few years, the CRIF team has been focusing on the pet market, developing the UK’s only centralised database for pet insurance claims database (CACHE Pet) as well as Sherlock Detection to provide pet insurers with an innovative fraud detection service.
Data and insights: only 3 seconds to investigate 100% of insurance claims and identify hidden fraudulent connections.
CACHE Pet and Sherlock Detection enable insurers to share pet insurance claims data to help detect and prevent pet insurance claims fraud, reduce claim lifecycle by fast tracking genuine claimants, and automatically identify suspicious cases for further investigation as well as reject fraudulent claims before they are paid out.
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?
Streamlined risk assessment and pet policy pricing
Help ensure that the correct risk assessment is undertaken at a very early stage of the insurance lifecycle, safeguarding both the customer and the pet insurer.
Pet Claims Insurance Bureau
The first pet insurance claims database providing a holistic view of the claimant and their claims history, including pet pre-existing conditions.
Pet Insurance Fraud Detection
AI-driven risk assessment solution to empower your anti-fraud and marketing strategies by automating fraud detection, improving claims investigations and boost sales.
WHAT ABOUT PETS AFTER LOCKDOWN? Episode 1
Is your pet suffering frompost-lockdown “separation anxiety”? How can separation anxiety be treated and prevented? What about international travel and quarantine.
News, and expert opinions on the world of pets.
WHAT ABOUT PETS AFTER LOCKDOWN? Episode 2
Coronavirus. Do dogs sniff out COVID-19 faster than tests? Do you have a COVID-19 plan for your pet? Has your pet been in contact with a person infected by the coronavirus and needs treatment? Spike in adoptions and foster applications. What about after the pandemic?
Tips and news on the world of pets.
Dublin (Ireland ) and Bologna (Italy), 10 January, 2021
CRIF acquires the majority of shares in HPI (Hire Purchase Information)
The acquisition will strengthen CRIF’s local presence in the field of risk management and decision support solutions.
Athens (Greece) and Bologna (Italy), 27 December 2021
CRIF acquires ICAP, the largest b2b services group in Greece, with a strong presence in southeastern Europe
The acquisition will strengthen CRIF’s leading position in the field of business and credit information and risk management solutions in the region.
London, 18 November 2021
Roundtable Event in collaboration with Insurance POST: Engaging with affinity partners and their customers
How are insurers and brokers creating the right eco-systems to facilitate a win-win for all? The affinity space continues to attract headlines from both new entrants such as WHSmith, whilst others such as John Lewis have extended partnerships in order to create deeper, long-term relationships.
Webinar: Value added financial services for SMEs
Join our webinar to find out directly from our guest speaker Aurelie L’Hostis, Senior Analyst at Forrester Research and Yam Hung Chan at HSBC, who will explain how business financial management solutions can help customers drive growth by controlling their finances, planning future purchases, and taking decisions based on sound insights.