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Folksam live with FRISS solution Claims | Fraud Detection

Nov 17, 2015

Folksam live with FRISS solutons
Folksam live with FRISS solutons
Folksam live with FRISS solutons

One of the largest insurers in Sweden, Folksam, is live with the FRISS solution Claims | Fraud Detection. The project has been delivered within time and budget. Klas Beskow, Head of Investigations at Folksam, explains: "We want our customers to feel safe that we are doing our utmost to protect their premiums and their money from being exposed to fraudulent people." Folksam offers a wide variety of insurance products, serving about 4 million customers that represent more than 3 billion premium income and almost 1 million claims each year. In the claims process, FRISS enables Folksam to improve its loss ratio by increasing the chances of detecting fraud and limit false positives to a minimum. This helps Folksam to become more effective at fraud investigation by directly recognizing claims that need further attention or require active follow-up. "With the FRISS solution we foresee that we are going to deliver 15-20% more investigations to the company"  

Read our 2024 Fraud Report

Read our 2024 Fraud Report

Read our 2024 Fraud Report