Meridional Seguros announced that it has chosen FRISS with the aim of providing a platform for detecting insurance fraud and combatting this in a more structured and effective way. Meridional is Argentina’s first insurance company to use FRISS for automatic fraud detection. The company is focused on technology and development and is keen to bring the industry into the digital age.
Marcelo Volpe, Meridional’s Risk Audit and Control Manager, commented: “Technology is taking great strides ahead every day and the fraud detection process for insurers needs to be part of this. Fraudsters also use technology. We want to lead the way in this new detection method, which is fast and effective and will bring significant savings.”
Meridional Seguros is one of Argentina’s top 20 insurance companies, and has made a name for itself with its use of technology in processes and products. Marcelo Volpe continued: “We are certain that using FRISS technology alongside intelligent underwriting will bring significant benefits and results for our company.”
Fraud Awareness in Latin America
FRISS is the market leader, a company that is totally focussed on fraud and risk detection for P&C insurance companies worldwide. Its exclusive solutions provide a hybrid detection combination with completely integrated powerful artificial intelligence, predictive models, network analysis and text mining and over 600 risk and fraud indicators ready to use, with over 175 implementations executed. FRISS is delighted to be expanding its presence in Latin America by supporting Meridional Seguros in its fight against fraud.
Ralf van der Eerden, General Manager of FRISS LatAm, emphasised: “We are very proud to welcome Meridional on board as our first Argentinian company, and thank Meridional for the confidence it has placed in us. We are pleased to support Meridional in providing honest insurance worldwide. We believe there is going to be rapid growth in Latin America in risk and fraud detection and we are very pleased to support insurers in developing profitable and honest insurance offers.”
Meridional Seguros was founded in 1948. It started by selling corporate policies and some years later extended its portfolio of products for large audiences, with some lines for individuals, such as car insurance, personal accident and home insurance, amongst others. In the 1980s it expanded geographically to the main cities in the interior of the country. It now has centres all over the country serving the insurance sector. The company works alongside a big network of producers, brokers and strategic shareholders to offer the most comprehensive cover, caring for the well-being and assets of people and companies. Meridional Seguros is referential in the Argentinian market, thanks to its broad and innovative product range and the professionalism of its team.