the world’s best
Understand your risk in 5-7 seconds
Automate your data gathering process. Understand each risk in real time. Combine internal and external sources for a comprehensive picture of every risk.
Profitable Insurance with FRISS
screenings per year
fraud savings per year
We provide ease of use and alignment with the digital world by providing an extremely simple interface. Data gathering is enriched and simplified, aggregating information from traditional and nontraditional sources to build a true picture of each risk. We take on the chore so you can focus on the core – quality underwriting.
- Comprehensive Risk Assessment
- Insights and Analytics on Risk attributes
- Customizable based on Carrier’s risk appetite
Our software calculates risk based on current conditions and uncovers violations, business practices and previously hidden information. This classification helps ensure honesty, verify necessary licenses and inspections, and allows you to properly write the business you want in your portfolio.
- Know your Customer’s Operation
- Understand if there are multiple operations
- Gather information/Manage filters based on Carrier’s appetite
A book snapshot takes a carrier’s entire clientele and produces information to give them a detailed report about who is risky and who isn’t. Book snapshots are designed to offer updated information covering every aspect of the underwriting process: liabilities, violations, special conditions, etc. The goal is to offer insurers a way to feel more confident in their underwriting decisions, and always know exactly the risk level of their portfolio.
- Audit/Review of programs/MGAs/MGUs/Book Rollovers/M&A’s
- Reinsure with confidence
- Portfolio insights for renewal/risk control
Using forms provided by ACORD, we create a baseline for risk assessment and automate the process of inputting and reviewing that information. This frees up time for carriers, and with the information that the documents provide, we can combine it with our own risk assessment to create a more thorough report for customers.
- Automated Data Ingestion
- Trigger Underwriting Insights using ACORD data
- Improve data completeness and accuracy
We extract loss run information and standardize it to give carriers a fully encompassing report without all the work. We save time and offer significantly more information on policyholders by augmenting loss run information with thousands of additional data sources.
- Digitize Loss Run forms
- Standardize Loss run information into carrier standard format
- Prevent time spent analyzing multiple different loss runs
Compliance Screening and Audit Trails
Harvesting Gather data into actionable insights
Dynamic Determinations Enable better decision making for evolving risks
Analytics Produce actionable and previously unnoticed content
Processing Alert conditions that affect your decisions
With data collection from thousands of sources, both internal and external, you don’t have to wonder if any information is missing or inaccurate. Our technology expertly blends and extracts crucial information about businesses to offer you security in your commercial underwriting decisions. We display actionable insights, so you never again have to worry if you’re making the right choice.
Risks are constantly evolving and in our line of business, it’s vital to stay on top of those changes. To combat this, our technology is designed to enable better decision making through ever-updating artificial intelligence. With a myriad of readily available information, we equip customers to confidently stay up to date on all aspects underwriting.
One challenge that many carriers face during underwriting is the ability to fully uncover the truth. Humans have innate biases, especially when they have something to hide. However, with our image analytic capabilities and AI, previously unnoticed content becomes actionable insights. Data is the only 100% reliable source and that’s why we focus on turning that into a top-of-the-line product for our carriers.
With thousands of sources scanned and processed at lightning speed, our technology offers underwriters the ability to focus on things that matter most. While they are busy delivering results, our software uses language processing to paw through every aspect of social media (comments, reviews, posts, etc.) to determine whether carriers should be alerted to specific language used that will alter underwriting decisions.
FRISS Underwriting Insights Trusted by the World’s Best
Why do our customers love FRISS?