CACHE Motor

Optimising risk assessment and claims management

CRIF suite of services is designed to improve risk assessment and fraud detection, while reducing costs and improving the quality of your business portfolio.

With CACHE Motor, insurance companies can access the Motor database in accordance with MIB (Motor Insurers' Bureau) principles of reciprocity, that is responsible for the management of the Claims and Underwriting Exchange Register (CUE Search) on behalf of insurers in the UK. CACHE Motor is adaptable to any business process requirement and can be used for ad-hoc database inquiries or claim record contributions.

The screening process is enriched with additional datasets, such as linked addresses, financial data, identity check and vehicle data, to provide a more complete risk assessment. This enables insurers to quickly detect claims cases that require further investigation and enhance the overall claims management process while delivering a greater customer experience.

Covered industries

Insurance

CACHE MotorPlus

CACHE MotorPlus combines information on motor and personal injury claims related to road traffic accidents (RTAs) to improve the assessment of claims propensity, risk analysis and detection of fraudulent claims by third-party drivers at the early claims stage.

Specifically developed for insurers with commercial and fleet policies, CACHE MotorPlus is particularly useful at First Notification Of Loss (FNOL). It allows you to assess the propensity of drivers and third-party drivers to generate a Personal Injury claim because of a motor accident and to identify individuals involved in a motor insurance claim that have also previously claimed for an RTA Personal Injury.

CACHE Motor Underwriting

CACHE Motor Underwriting is designed to work at points of sale and exploits the CACHE MotorPlus search engine to highlight non-disclosure of claims. By combining information on motor and personal injury claims together with powerful algorithms, it shows all the matches found, together with discrepancy indicators, speeding up the acceptance process needed to evaluate, refer or decline an application at the point of sale. This service heavily reduces operational costs, maximises internal resources and effectively helps insurers fight potential fraudsters at a very early stage.

CACHE MotorPlus Underwriting

CACHE MotorPlus Underwriting exploits the CACHE MotorPlus search engine, which combines information on motor and personal injury claims together with powerful algorithms and matching processes to highlight non-disclosure of claims. It automatically flags discrepancies between the claims disclosure statements made by applicants at point of sale and the claims found in the CUE database. The service enables insurers to quickly evaluate, refer or decline an application at the point of sale, heavily reducing operational costs and maximising internal resources.

Key benefits

Improving risk assessment

Enhancing the quality of your business portfolio and reducing exposure by accurately identifying risks.

Accelerating claims management

Streamlining the claims expense processing through more efficient claims handling.

Optimising resources and costs

Reducing the manual effort and costs involved in confirming an individual’s claims history and identifying multiple and potentially fraudulent claims.

Additional modules

CACHE Smart

As an additional module of CACHE, the CACHE Smart module allows insurers to enrich searches with linked addresses coming from a file of over 30 million records increasing the matching capability against the Claims and Underwriting Exchange Register database (CUE), which can then be integrated with specific anti-fraud models.

With CACHE Smart insurers can better assess risk and mitigate fraud by automatically identifying potential fraudulent cases.

CACHE Plus

As an additional module of CACHE, in one call the CACHE Plus product combines information on motor and personal injury claims related to road traffic accidents (RTAs) allowing insurers to identify and detect fraud.

CACHE Plus is an innovative insurance bureau suite of services that optimises claims history assessment to highlight the propensity of drivers to make personal injury claims as a result of a motor accident and identifies potentially fraudulent activity at all stages of the client lifecycle. With support from the Data Hub System, CACHE Plus screening process can be enriched with additional datasets such as linked addresses, financial data, ID verification, and vehicle data.