Turkish insurer Anadolu Sigorta has selected FRISS to provide a fraud detection platform for claims in order to fight fraud in a more structured and effective way.
Impact of insurance fraud
Anadolu Sigorta is one of the largest providers of non-life insurance services in Turkey, with over 1 billion Euro in gross written premium (GWP) in 2015. The company turned to FRISS because the insurer is aware of the threat from fraudsters.
Fatih Gören, CFO at Anadolu, is pleased with the newly established partnership: “It is an insurance company’s foremost responsibility to detect and separate fraud claims from genuine claims. We aim to fight fraud by combining advanced technology with expert knowledge and analytical capabilities. It is not only important to detect fraud but also be able to increase the level and quality of service for genuine customers. It is also critical to engage fraud related information in the underwriting process in order to maintain a healthy portfolio.”
Anadolu Sigorta and FRISS
Anadolu Sigorta has chosen FRISS as a partner to fight fraud at its core business, the motor branch, but with a prospective expansion to all lines of business.
FRISS is content to expand its presence in Turkey by supporting Anadolu Sigorta in its combat against fraud. ‘’Anadolu is a leading insurer in Turkey with a strong belief in the benefits of technology. The company is focused on strengthening its straight-through processing (STP) by using advanced business solutions”, says Jeroen Morrenhof, CEO at FRISS.
