FRISS has a 100% focus on automated fraud detection and risk mitigation for P&C insurance companies worldwide. The Explainable AI powered risk and fraud detection solutions for underwriting, claims and SIU help you to grow your business. FRISS detects fraud, mitigates risks and supports your digital transformation. You can lower your loss ratio, enable profitable portfolio growth and improve your customer experience.
Insurance companies go live within 6 months, with fixed price projects, and realize an ROI within 12 months. The FRISS software solutions combine analytics, AI and machine learning techniques with expert knowledge from 150+ implementations at insurers around the world. FRISS turns data into actionable insights. Our software seamlessly integrates with your core solutions and insurance processes.
The real time FRISS Score is the core of our solutions. It indicates the risk for each policy or claim. The AI powered score combines expert business knowledge out of 10+ years of insurance experience, your specific business configuration, proprietary data and external data sources. As a result, it provides you a white box, holistic view on fraud and risks, which delivers you actionable insights so you stay in control. So, it an explainable AI fraud detection and risk assessment score.
Based on AI and machine learning techniques, the underwriting solution leads to a real-time intelligent and objective risk evaluation. In order to grow a healthy portfolio, it is important to prevent insurance fraud and high risk by having a clear picture of potential customers before they enter your portfolio. Prevent bad risks by combining AI and analytics, enable STP and deliver seamless customer onboarding.
DiscoverUse AI powered fraud detection during the claims process to make an accurate estimation of the risks related to a claim. Automatically detect insurance fraud before claims are paid. Reduce your loss ratio by increasing the chances of fraud detection at claims and limit false positives to a minimum. The solution uses an intelligent detection engine which raises automatic red flags, enables fast track claims and enhances customer satisfaction.
DiscoverImprove investigators’ possibilities to manage workloads, register all findings, recognize and connect the dots between files, take adequate measures and to report in a structural manner. Moreover, enhance the flexibility of customized case registration, by line of business and even on investigator level. Finally, improve your fraud management.
DiscoverWe offer our partners the benefits from our platform accompanied by extensive knowledge, expertise and experience within our business area.
FRISS works with strategic and alliance partners around the world.
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Serving our customers around the globe. FRISS is the leading expert in the field of fraud, risk & compliance for the insurance industry. We have a unique global footprint with 130+ implementations in over 25 countries.
Industry analysts have recognized FRISS as the market leader concerning fraud and risk solutions for P&C insurance companies. Our aim is to expand this leadership by sustaining our focus and dedication in this field.
