Real-time Risk Assessment Underwriting decisions in a split second
Straight-Through Processing Seamless customer onboarding
Data-Driven Underwriting Leverage internal and external data
Proven Insurance Track Record 300+ implementations in 45+ countries
Real-Time Risk Assessment
The risk assessment process provides you with structured and uniform screening, saving you a significant amount of time, while giving you real-time insights into the risks associated with a new customer request. With these insights, you can directly accept, reject or accept under customized conditions. Onboard new customers instantly and realize your digital transformation with FRISS.
By implementing automatic risk estimation in the underwriting process, straight-through processing is being realized wherever possible. This makes your underwriting process significantly more efficient. With FRISS, you can identify and target only suspicious applications and hereby you improve the customer experience.
The FRISS underwriting solution leverages over 130 out-of-the-box internal and external data sources to paint the full picture of the customer. Combined with our AI-powered risk analysis, you can easily identify potential risks and really know your customer before accepting the risk. You can decide on the amount of risk you are willing to take before bringing the customer into your portfolio. With FRISS, you can turn your data into knowledge.
Proven Track Record
Our software solutions are designed, built and continuously fine tuned by experts with over 1,000 years of experience in the insurance industry. Within the last decade we successfully delivered 300+ implementations at carriers around the world. This enables us to go live within 4 months and realize an ROI within 12 months.