FRISS Named to the 2023 CB Insights’ List of the 50 Most Innovative Insurtech Startups
Jul 31, 2023
"This year’s Insurtech 50 winners are accelerating important innovations across an industry that has a direct impact on human health and well-being," said Niall Williams, Lead Analyst at CB Insights. “From infrastructure to AI and analytics, our cohort is shaping the future of insurance in significant ways.”
"Being recognized by CB Insights on their prestigious Insurtech 50 list is a true honor for FRISS. This acknowledgment not only reaffirms our commitment to innovation but also underscores the significant impact our cutting-edge solutions have on human well-being by making insurance more honest and as such ensuring fair premiums for sincere customers. We are thrilled to be amongst the leading companies shaping the future of insurance through technology and data-driven excellence," adds Jeroen Morrenhof, Co-Founder and CEO of FRISS.
Utilizing the CB Insights platform, the research team picked these 50 private market vendors from a pool of over 2,000 companies, including applicants and nominees. They were chosen based on CB Insights datasets — including R&D activity, proprietary Mosaic scores, business relationships, Yardstiq transcripts, investor profiles, news sentiment analysis, competitive landscape, and team strength — and criteria such as tech novelty and market potential. The research team also reviewed Analyst Briefings submitted by applicants.
FRISS deserves recognition for its focus on AI & analytics capabilities, as AI continues to dominate the headlines. We have been an advocate of responsible AI principles, emphasizing transparency, fairness, and the creation of non-discriminatory AI models, which are deeply embedded in their core values. We firmly uphold the belief that AI should serve as a complementary tool to enhance existing processes, fostering efficiency and precision while actively guarding against any potential biases. Looking ahead, we are committed to delving deeper into these vital aspects of responsible AI, generously sharing their valuable insights and perspectives in the upcoming months.
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