FRISS teams up with SGI to fight insurance fraud using AI
May 22, 2024
FRISS, a world leading provider of trust automation solutions for P&C insurers has announced a strategic partnership with SGI, a trusted leader in the insurance industry known for its commitment to customer service and operational excellence.
FRISS's solutions are tailored to analyze vast amounts of data to identify potential risks and fraudulent patterns in real-time. By harnessing this technology, SGI will enhance their fraud prevention capabilities to better protect its customers.
“Insurance fraud costs Canadians billions of dollars annually, and SGI works on a number of fronts to identify and prevent it,” said Robert Osicki, Executive Vice President and Chief Insurance Officer at SGI. ”We believe FRISS’s technology will help us streamline our processes and enable us to swiftly accept genuine policy requests, detect suspicious claims and thoroughly investigate flagged cases. This will help us keep premiums low for SGI customers.”
“We are proud to welcome SGI to the FRISS family. FRISS' strong experience in the Canadian market across Personal and Commercial lines will support SGI's mission to provide comprehensive, affordable insurance protection to their policyholders in an honest, transparent way ,” said Yogesh Sapre, President Americas for FRISS. “We look forward to the partnership with SGI to improve their loss ratio by identifying suspicious claims and enhance their customer and partner experience by driving efficiencies across the policy lifecycle.”
SGI is committed to innovation and customer protection, which seamlessly aligns with FRISS’s mission to support the insurance industry with state-of-the-art solutions that enable an exceptional customer experience.
About SGI
SGI (Saskatchewan Government Insurance) is a Saskatchewan-based Crown corporation. It administers the province's compulsory auto insurance program, the Saskatchewan Auto Fund. SGI also has a property and casualty insurance division which operates as SGI CANADA in Saskatchewan, British Columbia, Alberta, Manitoba, and Ontario, and also as Coachman Insurance Company in Ontario. SGI CANADA products are sold through a network of more than 300 independent insurance brokers. Learn more about SGI at www.sgi.sk.ca and www.sgicanada.ca
About FRISS
FRISS is the leading provider of Trust Automation for P&C insurers. Real-time, data-driven scores and insights prevent fraud and give instant confidence and understanding of the inherent risks of all customers and interactions.
Based on next generation technology, the Trust Automation Platform allows you to confidently manage trust throughout the insurance value chain – from the first quote all the way through claims and investigations when needed.
Thanks to FRISS, trust is normalized throughout the organization, enabling consistent processes to flag high risks in real time. www.friss.com
Contact
Media inquiries
Ruud van Gerwen
FRISS Head of Marketing
+31611516349
ruud.van.gerwen@friss.com
Tyler McMurchy
Manager, Media Relations, SGI
306-751-1837
306-535-6207 (cell)
tmcmurchy@sgi.sk.ca