FRISS is 100% focused on automated fraud and risk detection for P&C insurance companies worldwide. The AI-powered detection solutions for underwriting, claims and SIU help 175+ insurers grow their business. FRISS detects fraud, mitigates risks, ensures compliance and supports digital transformation.
Insurers go live within 4 months, realize 5 times ROI and an 80% increase in straight-through processing of policy application and claims. FRISS solutions help lower loss ratios, enable profitable portfolio growth, and improve the customer experience. For more information: www.friss.com.
The real time FRISS Score is the core of our solutions and indicates the risk for each policy or claim. The AI powered score comes as a fully integrated hybrid combination of powerful AI, predictive models, network analysis, and text mining and over 600 out-of-the-box risk and fraud indicators, enriched with expert business knowledge, your specific business configuration, proprietary data and external data sources. It provides you a white box, holistic view on fraud and risks, which delivers you actionable insights so you stay in control.