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FRISS

Name: FRISS
Rating: 4.5 (2 reviews)

By FRISS

1310 Interested

Highlights : About FRISS

Pattern Recognition

Transaction Approval

Investigator Notes

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 150+ insurers to grow their business. FRISS detects fraud, mitigates risks and supports digital transformation. Insurers go live within 6 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 30 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.

Specifications

24/7 Support

Yes

Business Size

Mid-Market

Deployments

Cloud

Language Support

English

Platforms

Product Details

Features

Credit Report Retrieval

Custom Fraud Parameters

For Insurance Industry

Identity Verification

Investigator Notes

Pattern Recognition

Transaction Approval

Benefits

Detect fraud before claims are paid

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

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