Underwriting

[On Demand Webinar] Building a Fraud Fighting Organization. A Fireside Chat with Donald Light & Jim Murphy.

3 Reasons Why POCs Are Holding You Back and How to Change That

Proof of Concepts are not as reliable as we once thought. Niek Verdoes, our Product Manager, outlines the three major problems with POCs, and offers an alternative method for choosing the best solution.

A FRISS View On The Series B Led By AKKR

The Series B will be used to fuel rapid market expansion, product innovation and the support of safe digital transformation throughout the full policy lifecycle.

Being there when you can’t be there

When traditional people roles become impossible, technology steps up to the plate.

Building Trust in the Digital Age

Online shopping isn’t just for clothes anymore, so how do insurers keep up? Trusting your customers is an important step to gaining and retaining them.

Calling All Underwriters To Focus On The Core, Not The Chore

Our FRISS Underwriting Insights solution, aggregates third-party data sources to help underwriters focus on the core of underwriting rather than the chore of data collection.

Commercial Insurance – Fighting Fraud With One Hand Tied Behind Our Backs

We need to do a better job at Knowing Your Customer. How can we achieve that when the industry standard data capture does not lend itself for this purpose?

Comparing insurance distribution channels: 5 key take-aways

Distribution channels in the insurance business sector are changing rapidly. This isn’t surprising considering technology changes even more rapidly, and consumers change along with it. Will the cloud beat the agent, or will they be joining forces?

Data Verification is the Key to Better Risk Mitigation During Underwriting

Risk assessment can improve the underwriting and pricing processes for European insurers. Having a clear picture of potential customers helps to prevent fraud and minimizes risks before customers enter an insurance portfolio.

Demo: How Automated Screening During Underwriting Saves You From Exposing Your Business to Adverse Risk Selection and Premium Leakage

Experience shows us that you only need to reject 1-2% of applicants in order to improve your combined ratio up to 5 points. This demo shows you how.

Embedding Fraud and Risk Awareness in the DNA of the Company

Thanks to their modern data system and collaborative culture, INTERAMERICAN achieves a balanced insurance portfolio and good insights in risks they carry.

Fighting Insurance Fraud Effectively by Aligning Underwriting and Claims

There are two major reasons to work on alignment between the departments Underwriting and Claims. It enhances the profitability of the insurances and also raises the fraud awareness of the entire company to a higher level.

Honest Insurance for Honest People

FRISS was created when we saw many insurers had not developed their fight against fraud and that ultimately the customer paid the price for this.

How AI Helps Insurers Avoid Major Risks And Raise Customer Satisfaction

Cyber security risks and business interruption are the most serious threats facing insurers worldwide, according to a report by Allianz Global.

How Hungry Are You to Increase Your Commercial Underwriting Appetite?

Have you ever watched a home renovation show? The ones where they buy the fixer-uppers, gut them, and somehow end up making a $2 million...

How Seguros El Águila Benefits from Automated Risk Assessment at Underwriting

Seguros El Águila has been using FRISS automated risk assessment at underwriting for the previous 2 years. Here's what they've accomplished in the meantime:

How to Prevent Reputational Damage by Applying Customer Due Diligence

Regulators are conducting robust research on compliancy. Results: the financial sector fails to control customers on Sanction lists, Auditability and CDD.

Improving Customer Experience with Predictive Risk Assessment and Fraud Checks

97% of your customers are “good” customers. By using the right technology, customer experience and loyalty improve significantly.

Information is Power

For underwriters, the term “informed decision” takes on new meaning when it comes to effective risk selection.

Insurance aggregators: the race to the bottom price only has losers

Insurers and aggregators are to some extent competitors and they always will be. However, both have an obvious mutual interest in maintaining a healthy insurance market. Christian van Leeuwen gives a rundown of the developments and, on the whole, sees win-win opportunities.

Internet of Things a Goldmine for Insurers?

The Internet of Things is here and it's growing exponentially. For insurers this appears to be an untapped area that indeed holds certain obstacles, but at the same time has the potential for great opportunities.

Leveraging AI and Data to Improve Underwriting and Claims Capabilities

Successful insurance companies will think longer term and focus back on the essence of insurance: covering risks for the customer.

New Forms of Distribution in the Insurance Market: An Irreversible Fact?

Distribution channels have changed enormously since the internet era. The web is taking over the role of intermediaries, and taking over their power.

Our Customers Are Obviously Not Terrorists. Right?

No financial organization wants to consciously or deliberately cooperate in money laundering practices or even terrorism, and that certainly applies to insurance companies.

The Computer Says Yes – Automated Underwriting: Too Good to be True?

Automated Underwriting was just a trending topic a few years ago, but insurance carriers have begun to realize its true value in dollars. You know who you’re dealing with much faster and quickly decide whether you can and want to do business with them.

This is How AI-Powered Risk Assessment at Underwriting Works

Boost your digital transformation. This animation explains how AI-Powered Risk Assessment works for insurers. Improve your customer experience today!