CRIF | Pet Check

Advanced validation tool for pet policy

Insurance companies often struggle to validate the consistency of pet and policyholder information disclosed at the quotation stage or when a new pet policy is initiated.

Thanks to Pet Check, pet insurers can now instantly verify pet details like age, breed, sex, species and pre-existing conditions, as well as their policy holders' claims history. It offers insights into potential risks based on claims frequency, costs, and outcomes to assess both high and low-risk behaviours.

Through a traffic light model, you can check whether pet details are correct or highlight any inconsistencies and their severities, complete with a suite of key performance indicators.

Covered industries

Insurance

Granularity for greater control over your data

Pet Check provides the ability to drill down to the fine details, enabling the underwriting team to validate and discuss the discrepancies found with the customer early in the policy lifecycle, thus ensuring the policy is underwritten according to the true risk involved.

Easy API integration

The solution is designed to support a hybrid approach to minimise the API integration effort. While pet information is automatically submitted via API, detailed investigations of discrepancies can be conducted through a user-friendly web app.

Key benefits

Improved Loss Ratio

Real-time data enrichment enables advanced risk assessment and policy quotation optimisation by improving the loss ratio.

Mitigating Underwriting Fraud

Enhanced data validation effectively mitigates the risk of underwriting fraud and misrepresentation.

Speeding Up Underwriting Review

The underwriting team is equipped with a tool for a timely intervention either before or immediately after the policy inception (e.g. policy premium review or cancellation).