FRISS

Create a vendor selection project & run comparison reports
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.

Overview

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 help you to grow your business. FRISS detects fraud, mitigates risks and supports your digital transformation. You can lower your loss ratio, enable profitable portfolio growth and improve your customer experience.

Insurance companies go live within 6 months, with fixed price projects, and realize an ROI within 12 months. The ready-to-use business solutions combine analytics, AI and machine learning techniques with expert knowledge from 150+ implementations at insurers around the world. FRISS turns data into actionable insights and seamlessly integrates with your core insurance processes.

The real time FRISS Score is the core of our solutions and indicates the risk for each policy or claim. The AI powered score combines expert business knowledge out of 10+ years of insurance experience, 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.