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.

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

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

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

“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

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

• 20% more fraud investigations
• Continuously detecting and identifying suspicious claims
• 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?"

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

Reaal is a large Dutch insurer and uses FRISS solutions for all its insurance products. This enables the organization to fully focus on its customers.

• Seamless integration between internal & external data
• Healty portfolio growth
• Creating a fraud-fighting culture