“Today I want to share the prominent exposure FRISS® got in the latest research on fraud analytics. In this research, FRISS® is positioned as a representative vendor amongst 16 other vendors that were being researched.
There is a clear rise in use of analytics at insurance companies. The need to do so is because of the increased combined ratios, losses, and also the continuous improvement in the claims processes insurers are looking for.
Make sure that you are able to find not only the fraudsters of today, but also the fraudsters of tomorrow by continuously improving your detection engine, your indicators, and your predictive models to make sure that you find these new patterns as well.
European market leader
With more than 50 implementations, there is no single vendor that has more implementations in Europe than FRISS® has at the moment.
I clearly remember that in 2010 I was sitting together with my co-founder Christian van Leeuwen and we set our big hairy audacious goal to be the European market leader by 2015, and I am very happy to see that we already made it in 2014.
From all the vendors in this research, it is clear that there is no other vendor than FRISS® that has 100% of its clients in the insurance industry.
We are a very focused company. This gives FRISS® a unique positioning in the market and I am very proud of that.”