Seguros El Águila has been using FRISS automated risk assessment at underwriting for the previous 2 years. Here’s what they’ve accomplished in the meantime:
Custom Category: Underwriting
Calling All Underwriters To Focus On The Core, Not The Chore
Our FRISS Underwriting Insights solution, aggregates third-party data sources to help underwriters focus on the core of underwriting rather than the chore of data collection.
3 Reasons Why POCs Are Holding You Back and How to Change That
Proof of Concepts are not as reliable as we once thought. Niek Verdoes, our Product Manager, outlines the three major problems with POCs, and offers...
How Hungry Are You to Increase Your Commercial Underwriting Appetite?
Have you ever watched a home renovation show? The ones where they buy the fixer-uppers, gut them, and somehow end up making a $2 million…
A FRISS View On The Series B Led By AKKR
The Series B will be used to fuel rapid market expansion, product innovation and the support of safe digital transformation throughout the full policy lifecycle.
Being there when you can’t be there
When traditional people roles become impossible, technology steps up to the plate.
Information is Power
For underwriters, the term “informed decision” takes on new meaning when it comes to effective risk selection.
New Forms of Distribution in the Insurance Market: An Irreversible Fact?
Distribution channels have changed enormously since the internet era. The web is taking over the role of intermediaries, and taking over their power.
Improving Customer Experience with Predictive Risk Assessment and Fraud Checks
97% of your customers are “good” customers. By using the right technology, customer experience and loyalty improve significantly.
How to Prevent Reputational Damage by Applying Customer Due Diligence
Regulators are conducting robust research on compliancy. Results: the financial sector fails to control customers on Sanction lists, Auditability and CDD.
Leveraging AI and Data to Improve Underwriting and Claims Capabilities
Successful insurance companies will think longer term and focus back on the essence of insurance: covering risks for the customer.
Commercial Insurance – Fighting Fraud With One Hand Tied Behind Our Backs
We need to do a better job at Knowing Your Customer. How can we achieve that when the industry standard data capture does not lend...
Honest Insurance for Honest People
FRISS was created when we saw many insurers had not developed their fight against fraud and that ultimately the customer paid the price for this.
Building Trust in the Digital Age
Online shopping isn’t just for clothes anymore, so how do insurers keep up? Trusting your customers is an important step to gaining and retaining them.
How AI Helps Insurers Avoid Major Risks And Raise Customer Satisfaction
Cyber security risks and business interruption are the most serious threats facing insurers worldwide, according to a report by Allianz Global.
Our Customers Are Obviously Not Terrorists. Right?
No financial organization wants to consciously or deliberately cooperate in money laundering practices or even terrorism, and that certainly applies to insurance companies.
Internet of Things a Goldmine for Insurers?
The Internet of Things is here and it’s growing exponentially. For insurers this appears to be an untapped area that indeed holds certain obstacles, but...
Comparing insurance distribution channels: 5 key take-aways
Distribution channels in the insurance business sector are changing rapidly. This isn’t surprising considering technology changes even more rapidly, and consumers change along with it....
Embedding Fraud and Risk Awareness in the DNA of the Company
Thanks to their modern data system and collaborative culture, INTERAMERICAN achieves a balanced insurance portfolio and good insights in risks they carry.
Insurance aggregators: the race to the bottom price only has losers
Insurers and aggregators are to some extent competitors and they always will be. However, both have an obvious mutual interest in maintaining a healthy insurance...
Fighting Insurance Fraud Effectively by Aligning Underwriting and Claims
There are two major reasons to work on alignment between the departments Underwriting and Claims. It enhances the profitability of the insurances and also raises...
Data Verification is the Key to Better Risk Mitigation During Underwriting
Risk assessment can improve the underwriting and pricing processes for European insurers. Having a clear picture of potential customers helps to prevent fraud and minimizes...