FRISS Fraud Detection for
Insurance Claims

Allianz is extremely active in fraud prevention. Under their “zero tolerance” motto, fraud specialists can be found throughout the organization.

• Reducing operational costs
• Optimizing fraud investigations
• Zero Tolerance in action

Anadolu Sigorta had a challenge with detecting fraudulent claims in the claims department. The results:

• Extra cost savings of 5 million Euro within 1 year
• Process efficiency from 15 days to 2.3 seconds
• ROI of 210% within 1 year

“With FRISS, we are breaking down the paradigm that claims processes cannot be automated.”

• From Kick-Off to Go-Live in only 6 months
• 67% time savings at claim handling
• Reduced administrative costs

FRISS keeps investing in technology, processes and people to further develop, sustain and innovate their business.

• Increase the chances of fraudsters being caugh
• Improve the earnings on fraud detection, reduce losses

One of the largest insurers in Sweden fights fraud more effectively in both the claims and investigation process.

• 20% more fraud investigations
• FRISS Solution designed to specifically address the unique needs of insurance businesses

How do you build a profitable portfolio as a 100% online insurer?

• Know Your Customer with automated Risk Assessment
• Attract the right customers
• Continuously optimized algorithms

“Our target is to make sure that high risks and fraud cannot enter our books.”

• Significant increase in the fraud detection awareness
• The solution was implemented quite smoothly.
• Integrated solution both for motor underwriting and claims

MIA's request: "How can insurers work together to prevent and fight fraud?"

• Benchmark for success rates of fraud cases
• Compliant to law and regulations
• Fraud network uncovered