About FRISS

FRISS has a 100% focus on automated fraud and risk detection for P&C insurance companies worldwide. The AI-powered detection solutions for underwriting, claims and SIU have helped 175+ insurers to grow their business. FRISS detects fraud, mitigates risks and supports digital transformation. Insurers go live within 4 months, with fixed price projects, and realize an ROI within 12 months. The FRISS solutions help to lower the loss ratio, enable profitable portfolio growth, and improve the customer experience.

The solutions combine analytics, AI and machine learning techniques with expert industry knowledge from 150+ implementations at insurers in over 40 countries, and is built upon 10+ years of experience. As such, established insurtech FRISS turns data into actionable insights.

The real-time FRISS Score is the basis of all solutions. It can be delivered seamlessly into any core insurance system. Delivering the real-time FRISS Score is done via hybrid detection. It is a robust, real-time way to combine 1. AI features such as network analysis, text mining and fraud models, with 2. expert knowledge rules, 3. database search, 4. Anomaly detection, 5. Machine learning. The insurer will get a head-start because a master set of indicators, build from over 10 years of experience with implementing the solution at insurers, comes out of the box.

Key benefits of FRISS

-Detect fraud before claims are paid, enable claim segmentation and low-touch claims
-Assess risks at underwriting for personal and commercial insurance
-Automate and standardize Know Your Customer (KYC) / Customer Due Diligence (CDD)
-Lower the loss ratio
-Improve customer experience

Devices

Business size

S M L

Markets

Australia, Brazil, Canada, China, Germany and 4 others, United Kingdom, Japan, Mexico, United States

Supported Languages

Arabic, Czech, Dutch, English, French and 10 others, German, Hungarian, Italian, Norwegian, Polish, Portuguese, Spanish, Swedish, Turkish, Ukrainian

Images

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Features

Total features of FRISS: 27

  • Activity Monitoring
  • Activity Tracking
  • Assessment Management
  • Audit Trail
  • Background Screening
  • Case Management
  • Check Fraud Detection
  • Compliance Management
  • Custom Fraud Rules
  • Customer Accounts
  • Data Discovery
  • Financial Transaction Approval
  • For Insurance Industry
  • Fraud Detection
  • Internal Fraud Monitoring
  • Knowledge Base Management
  • Portfolio Management
  • Predictive Analytics
  • Real Time Analytics
  • Real Time Data
  • Real Time Monitoring
  • Records Management
  • Reporting & Statistics
  • Risk Assessment
  • Secure Data Storage
  • Third Party Integrations
  • Workflow Management

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FRISS FAQs

Below are some frequently asked questions for FRISS.

We do not have any information about FRISS features

FRISS has the following typical customers:

2-10, 11-50, 51-200, 201-500, 501-1 000, 1 001+

FRISS supports the following languages:

Arabic, Czech, Dutch, English, French, German, Hungarian, Italian, Norwegian, Polish, Portuguese, Spanish, Swedish, Turkish, Ukrainian

FRISS supports the following devices:

FRISS integrates with the following applications:

Guidewire

FRISS offers the following support options:

Email/Help Desk, Phone Support

Related categories

See all software categories found for FRISS.