CRIF launches anti-fraud tool for pet insurers

CRIF Decision Solutions, has launched a product designed for pet insurers. Sherlock Detection is an automated fraud detection tool that risk assesses claims, using AI and proprietary machine learning techniques.

Available either as SaaS, via API or via web interface, the technology provides insurers with a fraud risk score for each claim supported by an intuitive report which evaluates the level of anomaly for the claim.

Director at CRIF Decision Solutions, Sara Costantini said: “Sherlock Detection is a discrete product with a specific purpose which strengthens our suite of counter fraud solutions in the UK.

“Before we launched CACHE Pet in 2016 insurers had no means to share data,” she added. “Now, in sequence, we are launching a fraud detection tool which helps them to interrogate their cross-industry data and other information sources and equips them with the knowledge to take action.”

Established in the UK in 1997, CRIF Decision Solutions is part of the CRIF Group. The firm provides solutions, consumer profiling and information services for the UK insurance industry (motor, home, PI, pet) and legal professions to support decision management and fraud prevention.

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