For this episode of FRISS Lab we interviewed Hermann Giron, General Manager at Seguros El Roble. He advocates the use of technology such as FRISS in order to maintain a profitable Compulsory Traffic Accident Insurance (SOAT) program in insurance companies.
Leverage fraud analytics technology for healthy insurance
Seguros El Roble and the Guatemalan association of insurance companies have been actively promoting the creation of mandatory 3rd party liability cover for automobile drivers in Guatemala. This cover is known in many countries as SOAT.
I have spoken to colleagues in many countries were SOAT cover is part of the insurance market. And I realize that fraudulent claims are a very important part of the total loss of those products. The use of technology such as FRISS is mandatory in having a profitable SOAT program in your insurance company. And I would not hesitate recommending the use of technologies such as that which we are using in El Roble.
